Hara vs Codatta

Codatta (XNY) is 7.2× the size of Hara (HART) by market capitalisation. Over the past 30 days, HART is ahead by 38.4 percentage points (HART +22.0% against XNY -16.4%). Their daily returns move barely together (correlation 0.14 across 30 shared trading days). HART has been the more volatile of the two, at 223% annualised against XNY's 112%.

Correlation: 0.14
Size ratio: 1 : 7.2
Ahead over 30 days: HART

HaraHART

$0.002373

24h: -8.57%
Market cap: $2.85M
Volume 24h: $4,082
Volatility (ann.): 223%

CodattaXNY

$0.005667

24h: +0.48%
Market cap: $20.60M
Volume 24h: $285,498
Volatility (ann.): 112%

HART 12.1%Share of the two combined market caps87.9% XNY

Performance

HARTXNY

7 days-3.03%-21.67%HART
30 days+22.04%-16.37%HART

Correlation

0.14over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	HART	XNY
Max drawdown (400d)	-26.8%	-25.2%
Risk-adjusted return (90d)	0.10	-0.16

Relative strength over 90 days: HART outperformed XNY by 18.5% — measured on the HART/XNY ratio, so it holds regardless of market direction.

Hara →Codatta →