azit vs Stable

Stable (STABLE) is 861.3× the size of azit (AZIT) by market capitalisation. Over the past 30 days, AZIT is ahead by 25.8 percentage points (AZIT +24.4% against STABLE -1.4%). Their daily returns move barely in opposite directions (correlation -0.14 across 20 shared trading days). AZIT has been the more volatile of the two, at 322% annualised against STABLE's 82%.

Correlation: -0.14
Size ratio: 1 : 861.3
Ahead over 30 days: AZIT

azitAZIT

$0.001299

24h: -1.82%
Market cap: $604,403
Volume 24h: $296,042
Volatility (ann.): 322%

StableSTABLE

$0.028924

24h: +6.69%
Market cap: $520.59M
Volume 24h: $5.52M
Volatility (ann.): 82%

AZIT 0.1%Share of the two combined market caps99.9% STABLE

Performance

AZITSTABLE

7 days+0.72%+0.69%AZIT
30 days+24.40%-1.37%AZIT

Correlation

-0.14over 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	AZIT	STABLE
Max drawdown (400d)	-43.2%	-25.6%
Risk-adjusted return (90d)	0.08	-0.10

Relative strength over 90 days: AZIT outperformed STABLE by 24.5% — measured on the AZIT/STABLE ratio, so it holds regardless of market direction.

azit →Stable →