ATLAS vs Spectra

Spectra (SPECTRA) is 10.9× the size of ATLAS (ATLAS) by market capitalisation. Over the past 30 days, SPECTRA is ahead by 101.9 percentage points (ATLAS -100.0% against SPECTRA +1.9%). Their daily returns move loosely together (correlation 0.38 across 29 shared trading days). ATLAS has been the more volatile of the two, at 380% annualised against SPECTRA's 204%.

Correlation: 0.38
Size ratio: 1 : 10.9
Ahead over 30 days: SPECTRA

ATLASATLAS

$0.101682

24h: +5.62%
Market cap: $209,165
Volume 24h: $323
Volatility (ann.): 380%

SpectraSPECTRA

$0.004750

24h: -3.70%
Market cap: $2.28M
Volume 24h: $1,935
Volatility (ann.): 204%

ATLAS 8.4%Share of the two combined market caps91.6% SPECTRA

Performance

ATLASSPECTRA

7 days-100.00%+28.67%SPECTRA
30 days-100.00%+1.86%SPECTRA

Correlation

0.38over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 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	ATLAS	SPECTRA
Max drawdown (400d)	-100.0%	-50.8%
Risk-adjusted return (90d)	-0.26	0.14

Relative strength over 90 days: SPECTRA outperformed ATLAS by 100.0% — measured on the ATLAS/SPECTRA ratio, so it holds regardless of market direction.

ATLAS →Spectra →