Hara vs SQD

SQD (SQD) is 9.0× the size of Hara (HART) by market capitalisation. Over the past 30 days, HART is ahead by 60.6 percentage points (HART +22.0% against SQD -38.6%). Their daily returns move barely in opposite directions (correlation -0.16 across 26 shared trading days). HART has been the more volatile of the two, at 223% annualised against SQD's 132%.

Correlation: -0.16
Size ratio: 1 : 9.0
Ahead over 30 days: HART

HaraHART

$0.002373

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

SQDSQD

$0.019627

24h: +9.07%
Market cap: $25.74M
Volume 24h: $969,980
Volatility (ann.): 132%

HART 10.0%Share of the two combined market caps90.0% SQD

Performance

HARTSQD

7 days-3.03%-10.60%HART
30 days+22.04%-38.59%HART

Correlation

-0.16over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	SQD
Max drawdown (400d)	-26.8%	-56.0%
Risk-adjusted return (90d)	0.10	-0.38

Relative strength over 90 days: HART outperformed SQD by 42.7% — measured on the HART/SQD ratio, so it holds regardless of market direction.

Hara →SQD →