Ness Lab (NESS) and SoSoValue (SOSO) compared side by side. Their daily returns move barely together (correlation 0.08 across 35 shared trading days). Both have run at a similar volatility, around 69% annualised.
NESSSOSO
0.08over 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 | NESS | SOSO |
|---|---|---|
| Max drawdown (400d) | -90.1% | -11.6% |
| Risk-adjusted return (90d) | -0.85 | -0.01 |
Relative strength over 90 days: SOSO outperformed NESS by 16.2% — measured on the NESS/SOSO ratio, so it holds regardless of market direction.