牛来 (Niu Lai) (牛来) is 40.3× the size of PeiPei (PEIPEI) by market capitalisation. Over the past 30 days, 牛来 is ahead by 36.7 percentage points (PEIPEI -62.0% against 牛来 -25.3%). Their daily returns move loosely together (correlation 0.60 across 30 shared trading days). Both have run at a similar volatility, around 190% annualised.
PEIPEI牛来
0.60over 30 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 | PEIPEI | 牛来 |
|---|---|---|
| Max drawdown (400d) | -62.1% | -60.2% |
| Risk-adjusted return (90d) | -0.34 | -0.11 |
Relative strength over 90 days: 牛来 outperformed PEIPEI by 51.4% — measured on the PEIPEI/牛来 ratio, so it holds regardless of market direction.