Falcon Finance (FF) is 35.5× the size of StakeStone (STO) by market capitalisation. Over the past 1 year, FF is ahead by 56.7 percentage points (STO -82.1% against FF -25.5%). Their daily returns move barely together (correlation 0.03 across 399 shared trading days). STO has been the more volatile of the two, at 190% annualised against FF's 122%.
STOFF
0.03over 399 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 | STO | FF |
|---|---|---|
| Max drawdown (400d) | -93.5% | -70.7% |
| Risk-adjusted return (90d) | -0.33 | 0.35 |
| Best 30 days (past year) | +611.3% | +157.9% |
| Worst 30 days (past year) | -79.7% | -42.6% |
Relative strength over 90 days: FF outperformed STO by 41.3% — measured on the STO/FF ratio, so it holds regardless of market direction.