Status (SNT) is 898.3× the size of Skycastle (SKY) by market capitalisation. Over the past 30 days, SKY is ahead by 5.3 percentage points (SKY -16.2% against SNT -21.5%). Their daily returns move barely together (correlation 0.11 across 34 shared trading days). Both have run at a similar volatility, around 40% annualised.
SKYSNT
0.11over 34 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 | SKY | SNT |
|---|---|---|
| Max drawdown (400d) | -19.2% | -27.4% |
| Risk-adjusted return (90d) | -0.40 | -0.64 |
Relative strength over 90 days: SKY outperformed SNT by 4.3% — measured on the SKY/SNT ratio, so it holds regardless of market direction.