Render (RENDER) is 3398.4× the size of Mobox (MBOX) by market capitalisation. Over the past 1 year, RENDER is ahead by 85.4 percentage points (MBOX -99.2% against RENDER -13.9%). Their daily returns move barely in opposite directions (correlation -0.02 across 295 shared trading days). MBOX has been the more volatile of the two, at 76641% annualised against RENDER's 95%.
MBOXRENDER
-0.02over 295 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 | MBOX | RENDER |
|---|---|---|
| Max drawdown (400d) | -99.8% | -66.8% |
| Risk-adjusted return (90d) | 0.00 | 0.26 |
| Best 30 days (past year) | — | +82.4% |
| Worst 30 days (past year) | — | -49.7% |
Relative strength over 90 days: RENDER outperformed MBOX by 96.1% — measured on the MBOX/RENDER ratio, so it holds regardless of market direction.