Atoshi (ATOS) is 12.0× the size of HEEBOO (HEEBOO) by market capitalisation. Over the past 30 days, HEEBOO is ahead by 28.5 percentage points (HEEBOO +4.9% against ATOS -23.6%). Their daily returns move loosely together (correlation 0.41 across 36 shared trading days). Both have run at a similar volatility, around 130% annualised.
HEEBOOATOS
0.41over 36 shared trading days
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.
| Metric | HEEBOO | ATOS |
|---|---|---|
| Max drawdown (400d) | -37.3% | -50.7% |
| Risk-adjusted return (90d) | -0.15 | -0.11 |
Relative strength over 90 days: ATOS outperformed HEEBOO by 18.4% — measured on the HEEBOO/ATOS ratio, so it holds regardless of market direction.