Root Edge vs TAGGER

TAGGER (TAG) is 1626.2× the size of Root Edge (ROOTAI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 40 shared trading days). ROOTAI has been the more volatile of the two, at 278% annualised against TAG's 204%.

Correlation: -0.03
Size ratio: 1 : 1626.2

Root EdgeROOTAI

$4.573e-5

24h: -5.58%
Market cap: $44,815
Volume 24h: $544
Volatility (ann.): 278%

TAGGERTAG

$0.000669

24h: -12.99%
Market cap: $72.88M
Volume 24h: $1.95M
Volatility (ann.): 204%

ROOTAI 0.1%Share of the two combined market caps99.9% TAG

Performance

ROOTAITAG

7 days-35.39%-9.01%TAG
30 days-57.96%+13.32%TAG
90 days-87.32%——

Correlation

-0.03over 40 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	ROOTAI	TAG
Max drawdown (400d)	-93.2%	-52.8%
Risk-adjusted return (90d)	-0.33	-0.11

Relative strength over 90 days: TAG outperformed ROOTAI by 29.4% — measured on the ROOTAI/TAG ratio, so it holds regardless of market direction.

Root Edge →TAGGER →