DiemLibre vs THAT

THAT (THAT) is 1435.5× the size of DiemLibre (DLB) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.41 across 32 shared trading days). DLB has been the more volatile of the two, at 2074% annualised against THAT's 56%.

Correlation: -0.41
Size ratio: 1 : 1435.5

DiemLibreDLB

$4.752e-5

24h: +0.15%
Market cap: $2,474
Volume 24h: $43,059
Volatility (ann.): 2074%

THATTHAT

$0.002243

24h: -4.60%
Market cap: $3.55M
Volume 24h: $12,618
Volatility (ann.): 56%

DLB 0.1%Share of the two combined market caps99.9% THAT

Performance

DLBTHAT

7 days-59.83%+4.71%THAT
30 days-53.58%-5.34%THAT
90 days-56.40%——
1 year-65.56%——

Correlation

-0.41over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4190d: 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	DLB	THAT
Max drawdown (400d)	-98.1%	-10.8%
Risk-adjusted return (90d)	-0.01	0.10

Relative strength over 90 days: THAT outperformed DLB by 54.0% — measured on the DLB/THAT ratio, so it holds regardless of market direction.

DiemLibre →THAT →