Haystack vs BiorLabs

Haystack (HAY) is 1.7× the size of BiorLabs (BYB) by market capitalisation. Over the past 30 days, HAY is ahead by 26.9 percentage points (HAY +22.9% against BYB -3.9%). Their daily returns move barely in opposite directions (correlation -0.13 across 23 shared trading days). Both have run at a similar volatility, around 65% annualised.

Correlation: -0.13
Size ratio: 1.7×
Ahead over 30 days: HAY

HaystackHAY

$0.008538

24h: -1.37%
Market cap: $233,786
Volume 24h: $1,994
Volatility (ann.): 62%

BiorLabsBYB

$0.000138

24h: —
Market cap: $137,723
Volume 24h: $10,131
Volatility (ann.): 67%

HAY 62.9%Share of the two combined market caps37.1% BYB

Performance

HAYBYB

7 days-5.42%+5.60%BYB
30 days+22.92%-3.93%HAY

Correlation

-0.13over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	HAY	BYB
Max drawdown (400d)	-8.4%	-18.1%
Risk-adjusted return (90d)	0.37	-0.06

Relative strength over 90 days: HAY outperformed BYB by 27.9% — measured on the HAY/BYB ratio, so it holds regardless of market direction.

Haystack →BiorLabs →