SACOIN (SAC) and Open Campus (EDU) compared side by side. Their daily returns move barely in opposite directions (correlation -0.03 across 28 shared trading days). EDU has been the more volatile of the two, at 126% annualised against SAC's 49%.
SACEDU
-0.03over 28 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 | SAC | EDU |
|---|---|---|
| Max drawdown (400d) | -24.8% | -87.8% |
| Risk-adjusted return (90d) | -0.47 | 0.74 |
| Best 30 days (past year) | — | +70.0% |
| Worst 30 days (past year) | — | -55.0% |
Relative strength over 90 days: EDU outperformed SAC by 24.4% — measured on the SAC/EDU ratio, so it holds regardless of market direction.