HandlPay vs Stable

Stable (STABLE) is 318.2× the size of HandlPay (HANDL) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.22 across 45 shared trading days). HANDL has been the more volatile of the two, at 279% annualised against STABLE's 82%.

Correlation: -0.22
Size ratio: 1 : 318.2

HandlPayHANDL

$0.002520

24h: +13.67%
Market cap: $1.65M
Volume 24h: $168,218
Volatility (ann.): 279%

StableSTABLE

$0.029108

24h: +6.91%
Market cap: $523.91M
Volume 24h: $6.06M
Volatility (ann.): 82%

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

Performance

HANDLSTABLE

7 days+5.86%+0.69%HANDL
30 days+4.03%-1.37%HANDL
90 days-32.06%——

Correlation

-0.22over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3590d: 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	HANDL	STABLE
Max drawdown (400d)	-88.2%	-25.6%
Risk-adjusted return (90d)	-0.21	-0.10

Relative strength over 90 days: HANDL outperformed STABLE by 2.8% — measured on the HANDL/STABLE ratio, so it holds regardless of market direction.

HandlPay →Stable →