FLOAT (FLOAT) is 138.4× the size of Stonk Computer (COMPUTER) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 22 shared trading days). FLOAT has been the more volatile of the two, at 2474672% annualised against COMPUTER's 1321%.
COMPUTERFLOAT
-0.04over 22 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 | COMPUTER | FLOAT |
|---|---|---|
| Max drawdown (400d) | -89.5% | -100.0% |
| Risk-adjusted return (90d) | 0.11 | 0.17 |
Relative strength over 90 days: FLOAT outperformed COMPUTER by 100.0% — measured on the COMPUTER/FLOAT ratio, so it holds regardless of market direction.