Kite (KITE) is 117.8× the size of Pundi AI (PUNDIAI) by market capitalisation. Over the past 1 year, KITE is ahead by 88.0 percentage points (PUNDIAI -33.7% against KITE +54.3%). Their daily returns move barely in opposite directions (correlation -0.05 across 330 shared trading days). PUNDIAI has been the more volatile of the two, at 171% annualised against KITE's 121%.
PUNDIAIKITE
-0.05over 330 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 | PUNDIAI | KITE |
|---|---|---|
| Max drawdown (400d) | -75.5% | -69.5% |
| Risk-adjusted return (90d) | 0.15 | 0.19 |
| Best 30 days (past year) | — | +151.2% |
| Worst 30 days (past year) | — | -55.6% |
Relative strength over 90 days: KITE outperformed PUNDIAI by 15.2% — measured on the PUNDIAI/KITE ratio, so it holds regardless of market direction.