Render (RENDER) is 35724.8× the size of Myobot (MOLT_MYOBOT) by market capitalisation. Their daily returns move loosely together (correlation 0.51 across 80 shared trading days). MOLT_MYOBOT has been the more volatile of the two, at 145% annualised against RENDER's 95%.
MOLT_MYOBOTRENDER
0.51over 80 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 | MOLT_MYOBOT | RENDER |
|---|---|---|
| Max drawdown (400d) | -72.2% | -66.5% |
| Risk-adjusted return (90d) | -0.42 | 0.19 |
| Best 30 days (past year) | — | +82.4% |
| Worst 30 days (past year) | — | -49.7% |
Relative strength over 90 days: RENDER outperformed MOLT_MYOBOT by 48.8% — measured on the MOLT_MYOBOT/RENDER ratio, so it holds regardless of market direction.