Kite (KITE) is 9417.4× the size of Michael Taolor ⚡️ (τ , τ) (TAOLOR) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 35 shared trading days). KITE has been the more volatile of the two, at 121% annualised against TAOLOR's 89%.
$0.001374
TAOLORKITE
0.23over 35 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 | TAOLOR | KITE |
|---|---|---|
| Max drawdown (400d) | -47.4% | -69.5% |
| Risk-adjusted return (90d) | -0.49 | 0.13 |
| Best 30 days (past year) | — | +151.2% |
| Worst 30 days (past year) | — | -55.6% |
Relative strength over 90 days: KITE outperformed TAOLOR by 28.4% — measured on the TAOLOR/KITE ratio, so it holds regardless of market direction.