Sentient (SENT) is 17.3× the size of Theoriq (THQ) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 260 shared trading days). Both have run at a similar volatility, around 124% annualised.
THQSENT
-0.03over 260 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 | THQ | SENT |
|---|---|---|
| Max drawdown (400d) | -90.1% | -75.8% |
| Risk-adjusted return (90d) | -0.23 | 0.44 |
Relative strength over 90 days: SENT outperformed THQ by 40.1% — measured on the THQ/SENT ratio, so it holds regardless of market direction.