Trip (TRIP) and AVINOC (AVINOC) compared side by side. Over the past 30 days, TRIP is ahead by 58.3 percentage points (TRIP -14.5% against AVINOC -72.9%). Their daily returns move loosely together (correlation 0.57 across 25 shared trading days). AVINOC has been the more volatile of the two, at 338% annualised against TRIP's 44%.
TRIPAVINOC
0.57over 25 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 | TRIP | AVINOC |
|---|---|---|
| Max drawdown (400d) | -18.6% | -81.2% |
| Risk-adjusted return (90d) | -0.29 | -0.22 |
Relative strength over 90 days: TRIP outperformed AVINOC by 223.0% — measured on the TRIP/AVINOC ratio, so it holds regardless of market direction.