SecureChain AI (SCAI) and Render (RENDER) compared side by side. Their daily returns move barely together (correlation 0.03 across 30 shared trading days). SCAI has been the more volatile of the two, at 276% annualised against RENDER's 95%.
SCAIRENDER
0.03over 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 | SCAI | RENDER |
|---|---|---|
| Max drawdown (400d) | -83.2% | -66.8% |
| Risk-adjusted return (90d) | -0.26 | 0.17 |
| Best 30 days (past year) | — | +82.4% |
| Worst 30 days (past year) | — | -49.7% |
Relative strength over 90 days: RENDER outperformed SCAI by 63.5% — measured on the SCAI/RENDER ratio, so it holds regardless of market direction.