Everscale vs Stable

Stable (STABLE) is 286.0× the size of Everscale (EVER) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 36 shared trading days). EVER has been the more volatile of the two, at 185% annualised against STABLE's 82%.

Correlation: 0.04
Size ratio: 1 : 286.0

EverscaleEVER

$0.000896

24h: -8.85%
Market cap: $1.78M
Volume 24h: $4,623
Volatility (ann.): 185%

StableSTABLE

$0.028254

24h: +3.89%
Market cap: $508.54M
Volume 24h: $9.43M
Volatility (ann.): 82%

EVER 0.3%Share of the two combined market caps99.7% STABLE

Performance

EVERSTABLE

7 days-14.22%+0.69%STABLE
30 days-45.27%-1.37%STABLE
90 days-72.02%——
1 year-92.07%——

Correlation

0.04over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	EVER	STABLE
Max drawdown (400d)	-95.9%	-25.6%
Risk-adjusted return (90d)	-0.36	-0.10

Relative strength over 90 days: STABLE outperformed EVER by 45.4% — measured on the EVER/STABLE ratio, so it holds regardless of market direction.

Everscale →Stable →