Stryke vs Strike

Strike (STRIKE) is 3.2× the size of Stryke (SYK) by market capitalisation. Over the past 30 days, SYK is ahead by 186.6 percentage points (SYK +179.9% against STRIKE -6.6%). Their daily returns move loosely together (correlation 0.54 across 28 shared trading days). SYK has been the more volatile of the two, at 273% annualised against STRIKE's 110%.

Correlation: 0.54
Size ratio: 1 : 3.2
Ahead over 30 days: SYK

StrykeSYK

$0.030940

24h: —
Market cap: $2.12M
Volume 24h: —
Volatility (ann.): 273%

StrikeSTRIKE

$0.379982

24h: -5.78%
Market cap: $6.84M
Volume 24h: $28,711
Volatility (ann.): 110%

SYK 23.7%Share of the two combined market caps76.3% STRIKE

Performance

SYKSTRIKE

7 days-4.10%-14.43%SYK
30 days+179.95%-6.62%SYK

Correlation

0.54over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 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	SYK	STRIKE
Max drawdown (400d)	-49.6%	-23.9%
Risk-adjusted return (90d)	0.72	-0.06

Relative strength over 90 days: SYK outperformed STRIKE by 412.5% — measured on the SYK/STRIKE ratio, so it holds regardless of market direction.

Stryke →Strike →