牛市 vs 牛来 (Niu Lai)

牛来 (Niu Lai) (牛来) is 5041.3× the size of 牛市 (牛屎) by market capitalisation. Over the past 30 days, 牛来 is ahead by 6.1 percentage points (牛屎 -21.6% against 牛来 -15.5%). Their daily returns move barely in opposite directions (correlation -0.21 across 34 shared trading days). Both have run at a similar volatility, around 185% annualised.

Correlation: -0.21
Size ratio: 1 : 5041.3
Ahead over 30 days: 牛来

牛市牛屎

$1.086e-5

24h: +3.96%
Market cap: $10,862
Volume 24h: $11
Volatility (ann.): 175%

牛来 (Niu Lai)牛来

$0.053160

24h: -13.45%
Market cap: $54.76M
Volume 24h: $10.43M
Volatility (ann.): 194%

牛屎 0.0%Share of the two combined market caps100.0% 牛来

Performance

牛屎牛来

7 days-18.62%+11.18%牛来
30 days-21.60%-15.46%牛来

Correlation

-0.21over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	牛屎	牛来
Max drawdown (400d)	-33.5%	-60.2%
Risk-adjusted return (90d)	-0.14	-0.09

Relative strength over 90 days: 牛屎 outperformed 牛来 by 15.5% — measured on the 牛屎/牛来 ratio, so it holds regardless of market direction.

牛市 →牛来 (Niu Lai) →