牛来 vs Bitcoin
牛来 (NIULAI) and Bitcoin (BTC) compared side by side. Their daily returns move barely together (correlation 0.14 across 40 shared trading days). NIULAI has been the more volatile of the two, at 421% annualised against BTC's 44%.
Performance
| Period | NIULAI | BTC | Ahead |
|---|---|---|---|
| 7 days | +6.46% | +4.06% | NIULAI |
| 30 days | +108.72% | +8.51% | NIULAI |
| 90 days | — | +40.18% | — |
| 1 year | — | -22.95% | — |
Risk & extremes
| Metric | NIULAI | BTC |
|---|---|---|
| Max drawdown (400d) | -41.1% | -53.0% |
| Risk-adjusted return (90d) | 0.44 | 1.02 |
| Best 30 days (past year) | — | +26.8% |
| Worst 30 days (past year) | — | -32.9% |
Relative strength over 90 days: NIULAI outperformed BTC by 112.5% — measured on the NIULAI/BTC ratio, so it holds regardless of market direction.
Correlation
0.14over 40 shared trading days
7d: insufficient data30d: 0.0690d: 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.