Blur (BLUR) is 1013.7× the size of RIDES.com (RIDES.COM) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.48 across 30 shared trading days). BLUR has been the more volatile of the two, at 114% annualised against RIDES.COM's 48%.
RIDES.COMBLUR
-0.48over 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 | RIDES.COM | BLUR |
|---|---|---|
| Max drawdown (400d) | -8.3% | -90.7% |
| Risk-adjusted return (90d) | -0.03 | -0.42 |
| Best 30 days (past year) | — | +78.9% |
| Worst 30 days (past year) | — | -65.4% |
Relative strength over 90 days: BLUR outperformed RIDES.COM by 24.5% — measured on the RIDES.COM/BLUR ratio, so it holds regardless of market direction.