Aster (ASTER) is 1988.9× the size of Nemesis (NEMESIS) by market capitalisation. Their daily returns move barely together (correlation 0.29 across 39 shared trading days). NEMESIS has been the more volatile of the two, at 362% annualised against ASTER's 90%.
NEMESISASTER
0.29over 39 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 | NEMESIS | ASTER |
|---|---|---|
| Max drawdown (400d) | -46.3% | -77.3% |
| Risk-adjusted return (90d) | 0.38 | 0.31 |
| Best 30 days (past year) | — | +47.6% |
| Worst 30 days (past year) | — | -51.6% |
Relative strength over 90 days: NEMESIS outperformed ASTER by 138.3% — measured on the NEMESIS/ASTER ratio, so it holds regardless of market direction.