PHALA (PHA) is 40.1× the size of 4EVERLAND (4EVER) by market capitalisation. Over the past 1 year, PHA is ahead by 59.5 percentage points (4EVER -86.8% against PHA -27.3%). Their daily returns move barely together (correlation 0.11 across 368 shared trading days). PHA has been the more volatile of the two, at 148% annualised against 4EVER's 100%.
4EVERPHA
0.11over 368 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 | 4EVER | PHA |
|---|---|---|
| Max drawdown (400d) | -96.3% | -81.3% |
| Risk-adjusted return (90d) | 1.23 | 0.37 |
| Best 30 days (past year) | +94.7% | +233.5% |
| Worst 30 days (past year) | -65.1% | -51.3% |
Relative strength over 90 days: 4EVER outperformed PHA by 32.5% — measured on the 4EVER/PHA ratio, so it holds regardless of market direction.