AWE Network (AWE) is 228.0× the size of Sally A1C (A1C) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 39 shared trading days). A1C has been the more volatile of the two, at 281% annualised against AWE's 84%.
A1CAWE
0.18over 39 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 | A1C | AWE |
|---|---|---|
| Max drawdown (400d) | -84.0% | -60.1% |
| Risk-adjusted return (90d) | -0.29 | 0.20 |
| Best 30 days (past year) | — | +87.1% |
| Worst 30 days (past year) | — | -46.6% |
Relative strength over 90 days: AWE outperformed A1C by 80.3% — measured on the A1C/AWE ratio, so it holds regardless of market direction.