Public Masterpiece Technology (PMT) is 30.9× the size of VibeStrategy (VIBESTR) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 37 shared trading days). VIBESTR has been the more volatile of the two, at 97% annualised against PMT's 7%.
$0.097069
VIBESTRPMT
0.38over 37 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 | VIBESTR | PMT |
|---|---|---|
| Max drawdown (400d) | -47.4% | -14.5% |
| Risk-adjusted return (90d) | -0.46 | -0.87 |
| Best 30 days (past year) | — | +3.2% |
| Worst 30 days (past year) | — | -3.9% |
Relative strength over 90 days: PMT outperformed VIBESTR by 43.6% — measured on the VIBESTR/PMT ratio, so it holds regardless of market direction.