Atoshi (ATOS) is 86093909.9× the size of Memory (MEM) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.05 across 28 shared trading days). MEM has been the more volatile of the two, at 6845% annualised against ATOS's 129%.
MEMATOS
-0.05over 28 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | MEM | ATOS |
|---|---|---|
| Max drawdown (400d) | -99.8% | -50.7% |
| Risk-adjusted return (90d) | -0.01 | -0.12 |
Relative strength over 90 days: ATOS outperformed MEM by 97.6% — measured on the MEM/ATOS ratio, so it holds regardless of market direction.