Alt.town vs RaveDAO

RaveDAO (RAVE) is 844.0× the size of Alt.town (TOWN) by market capitalisation. Over the past 30 days, RAVE is ahead by 53.0 percentage points (TOWN -76.2% against RAVE -23.2%). Their daily returns move barely together (correlation 0.15 across 31 shared trading days). TOWN has been the more volatile of the two, at 134% annualised against RAVE's 89%.

Correlation: 0.15
Size ratio: 1 : 844.0
Ahead over 30 days: RAVE

Alt.townTOWN

$4.629e-5

24h: -6.65%
Market cap: $44,569
Volume 24h: $1,777
Volatility (ann.): 134%

RaveDAORAVE

$0.139204

24h: -2.62%
Market cap: $37.62M
Volume 24h: $878,244
Volatility (ann.): 89%

TOWN 0.1%Share of the two combined market caps99.9% RAVE

Performance

TOWNRAVE

7 days-62.07%-2.89%RAVE
30 days-76.22%-23.18%RAVE

Correlation

0.15over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	TOWN	RAVE
Max drawdown (400d)	-80.0%	-56.3%
Risk-adjusted return (90d)	-0.60	-0.58

Relative strength over 90 days: RAVE outperformed TOWN by 64.0% — measured on the TOWN/RAVE ratio, so it holds regardless of market direction.

Alt.town →RaveDAO →