上证综合指数6900 vs 牛来 (Niu Lai)

牛来 (Niu Lai) (牛来) is 1487.4× the size of 上证综合指数6900 (SCI6900) by market capitalisation. Over the past 30 days, SCI6900 is ahead by 13.6 percentage points (SCI6900 -18.8% against 牛来 -32.4%). Their daily returns move loosely together (correlation 0.37 across 34 shared trading days). 牛来 has been the more volatile of the two, at 198% annualised against SCI6900's 43%.

Correlation: 0.37
Size ratio: 1 : 1487.4
Ahead over 30 days: SCI6900

上证综合指数6900SCI6900

$3.810e-5

24h: -2.97%
Market cap: $37,239
Volume 24h: $5
Volatility (ann.): 43%

牛来 (Niu Lai)牛来

$0.055280

24h: -13.54%
Market cap: $55.39M
Volume 24h: $11.85M
Volatility (ann.): 198%

SCI6900 0.1%Share of the two combined market caps99.9% 牛来

Performance

SCI6900牛来

7 days-7.97%-2.04%牛来
30 days-18.80%-32.44%SCI6900

Correlation

0.37over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 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	SCI6900	牛来
Max drawdown (400d)	-18.8%	-60.4%
Risk-adjusted return (90d)	-0.34	-0.16

Relative strength over 90 days: SCI6900 outperformed 牛来 by 58.6% — measured on the SCI6900/牛来 ratio, so it holds regardless of market direction.

上证综合指数6900 →牛来 (Niu Lai) →