NULL MATRIX vs Brett

Brett (BRETT) is 1833.9× the size of NULL MATRIX (NULL) by market capitalisation. Over the past 30 days, NULL is ahead by 19.7 percentage points (NULL -2.7% against BRETT -22.4%). Their daily returns move barely together (correlation 0.30 across 21 shared trading days). Both have run at a similar volatility, around 97% annualised.

Correlation: 0.30
Size ratio: 1 : 1833.9
Ahead over 30 days: NULL

NULL MATRIXNULL

$2.5200

24h: -7.14%
Market cap: $21,268
Volume 24h: $37
Volatility (ann.): 91%

BrettBRETT

$0.003935

24h: -9.42%
Market cap: $39.00M
Volume 24h: $4.85M
Volatility (ann.): 103%

NULL 0.1%Share of the two combined market caps99.9% BRETT

Performance

NULLBRETT

7 days-4.98%-10.62%NULL
30 days-2.75%-22.44%NULL

Correlation

0.30over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	NULL	BRETT
Max drawdown (400d)	-20.8%	-36.6%
Risk-adjusted return (90d)	-0.05	-0.14

Relative strength over 90 days: NULL outperformed BRETT by 20.3% — measured on the NULL/BRETT ratio, so it holds regardless of market direction.

NULL MATRIX →Brett →