Jackpotter ($JPT) is 4277.2× the size of PACKS (PACKS) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 21 shared trading days). PACKS has been the more volatile of the two, at 3468% annualised against $JPT's 90%.
PACKS$JPT
0.17over 21 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 | PACKS | $JPT |
|---|---|---|
| Max drawdown (400d) | -91.8% | -46.5% |
| Risk-adjusted return (90d) | -0.02 | -0.45 |
Relative strength over 90 days: $JPT outperformed PACKS by 61.4% — measured on the PACKS/$JPT ratio, so it holds regardless of market direction.