ADAMANT Messenger vs Kaspa

Kaspa (KAS) is 663.5× the size of ADAMANT Messenger (ADM) by market capitalisation. Over the past 30 days, ADM is ahead by 3.3 percentage points (ADM -6.9% against KAS -10.1%). Their daily returns move loosely together (correlation 0.45 across 20 shared trading days). ADM has been the more volatile of the two, at 438% annualised against KAS's 106%.

Correlation: 0.45
Size ratio: 1 : 663.5
Ahead over 30 days: ADM

ADAMANT MessengerADM

$0.011507

24h: +0.01%
Market cap: $1.32M
Volume 24h: $30,187
Volatility (ann.): 438%

KaspaKAS

$0.031505

24h: +2.88%
Market cap: $875.60M
Volume 24h: $11.49M
Volatility (ann.): 106%

ADM 0.2%Share of the two combined market caps99.8% KAS

Performance

ADMKAS

7 days-1.90%-11.37%ADM
30 days-6.88%-10.15%ADM

Correlation

0.45over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	ADM	KAS
Max drawdown (400d)	-69.8%	-34.1%
Risk-adjusted return (90d)	-0.02	0.17

Relative strength over 90 days: KAS outperformed ADM by 43.2% — measured on the ADM/KAS ratio, so it holds regardless of market direction.

ADAMANT Messenger →Kaspa →