HAVA vs Paycoin

Paycoin (PCI) is 4.1× the size of HAVA (HAVA) by market capitalisation. Over the past 30 days, HAVA is ahead by 1.6 percentage points (HAVA -1.4% against PCI -2.9%). Their daily returns move barely in opposite directions (correlation -0.27 across 28 shared trading days). PCI has been the more volatile of the two, at 35% annualised against HAVA's 5%.

Correlation: -0.27
Size ratio: 1 : 4.1
Ahead over 30 days: HAVA

HAVAHAVA

$2.1900

24h: +0.05%
Market cap: $8.76M
Volume 24h: $8,903
Volatility (ann.): 5%

PaycoinPCI

$0.035529

24h: -0.15%
Market cap: $36.33M
Volume 24h: $460,580
Volatility (ann.): 35%

HAVA 19.4%Share of the two combined market caps80.6% PCI

Performance

HAVAPCI

7 days-0.90%-0.60%PCI
30 days-1.35%-2.94%HAVA

Correlation

-0.27over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2790d: 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	HAVA	PCI
Max drawdown (400d)	-1.8%	-10.6%
Risk-adjusted return (90d)	-0.26	-0.19

Relative strength over 90 days: PCI outperformed HAVA by 1.6% — measured on the HAVA/PCI ratio, so it holds regardless of market direction.

HAVA →Paycoin →