Phenom (PHNM) and Jackpotter ($JPT) compared side by side. Over the past 30 days, PHNM is ahead by 41.6 percentage points (PHNM -1.1% against $JPT -42.7%). Their daily returns move barely together (correlation 0.07 across 31 shared trading days). PHNM has been the more volatile of the two, at 113% annualised against $JPT's 90%.
PHNM$JPT
0.07over 31 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 | PHNM | $JPT |
|---|---|---|
| Max drawdown (400d) | -22.0% | -46.5% |
| Risk-adjusted return (90d) | -0.02 | -0.48 |
Relative strength over 90 days: PHNM outperformed $JPT by 69.8% — measured on the PHNM/$JPT ratio, so it holds regardless of market direction.