ALTDeer vs ORE

ORE (ORE) is 17.1× the size of ALTDeer (ALT) by market capitalisation. Over the past 30 days, ORE is ahead by 129.8 percentage points (ALT -14.4% against ORE +115.4%). Their daily returns move barely in opposite directions (correlation -0.14 across 31 shared trading days). ORE has been the more volatile of the two, at 263% annualised against ALT's 64%.

Correlation: -0.14
Size ratio: 1 : 17.1
Ahead over 30 days: ORE

ALTDeerALT

$0.008300

24h: —
Market cap: $4.32M
Volume 24h: —
Volatility (ann.): 64%

OREORE

$142.2200

24h: -4.05%
Market cap: $73.82M
Volume 24h: $1.59M
Volatility (ann.): 263%

ALT 5.5%Share of the two combined market caps94.5% ORE

Performance

ALTORE

7 days-16.15%-14.64%ORE
30 days-14.39%+115.40%ORE

Correlation

-0.14over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	ALT	ORE
Max drawdown (400d)	-21.8%	-39.5%
Risk-adjusted return (90d)	-0.18	0.32

Relative strength over 90 days: ORE outperformed ALT by 62.0% — measured on the ALT/ORE ratio, so it holds regardless of market direction.

ALTDeer →ORE →