Zerebro (ZEREBRO) is 840.8× the size of REGENT (REGENT) by market capitalisation. Their daily returns move closely together (correlation 0.75 across 32 shared trading days). Both have run at a similar volatility, around 82% annualised.
REGENTZEREBRO
0.75over 32 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 | REGENT | ZEREBRO |
|---|---|---|
| Max drawdown (400d) | -55.2% | -41.6% |
| Risk-adjusted return (90d) | 0.36 | -0.45 |
Relative strength over 90 days: REGENT outperformed ZEREBRO by 51.3% — measured on the REGENT/ZEREBRO ratio, so it holds regardless of market direction.