Kite (KITE) is 222.2× the size of Orbofi AI (OBI) by market capitalisation. Over the past 1 year, OBI is ahead by 16.7 percentage points (OBI +90.0% against KITE +73.3%). Their daily returns move barely in opposite directions (correlation -0.14 across 341 shared trading days). OBI has been the more volatile of the two, at 686% annualised against KITE's 121%.
OBIKITE
-0.14over 341 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 | OBI | KITE |
|---|---|---|
| Max drawdown (400d) | -90.6% | -69.5% |
| Risk-adjusted return (90d) | 0.40 | 0.13 |
| Best 30 days (past year) | +492.7% | +151.2% |
| Worst 30 days (past year) | -63.3% | -55.6% |
Relative strength over 90 days: OBI outperformed KITE by 506.3% — measured on the OBI/KITE ratio, so it holds regardless of market direction.