Cap vs Olympus

Olympus (OHM) is 1.9× the size of Cap (CAP) by market capitalisation. Over the past 30 days, CAP is ahead by 72.2 percentage points (CAP +62.3% against OHM -9.8%). Their daily returns move barely in opposite directions (correlation -0.12 across 52 shared trading days). CAP has been the more volatile of the two, at 203% annualised against OHM's 29%.

Correlation: -0.12
Size ratio: 1 : 1.9
Ahead over 30 days: CAP

CapCAP

$0.090576

24h: +22.82%
Market cap: $141.30M
Volume 24h: $40.74M
Volatility (ann.): 203%

OlympusOHM

$18.4100

24h: -0.10%
Market cap: $274.95M
Volume 24h: $190,525
Volatility (ann.): 29%

CAP 33.9%Share of the two combined market caps66.1% OHM

Performance

CAPOHM

7 days-22.08%-5.47%OHM
30 days+62.34%-9.84%CAP

Correlation

-0.12over 52 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2190d: 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	CAP	OHM
Max drawdown (400d)	-39.3%	-10.8%
Risk-adjusted return (90d)	0.03	-0.03

Relative strength over 90 days: CAP outperformed OHM by 8.1% — measured on the CAP/OHM ratio, so it holds regardless of market direction.

Cap →Olympus →