HEEBOO vs RaveDAO

RaveDAO (RAVE) is 16.3× the size of HEEBOO (HEEBOO) by market capitalisation. Over the past 30 days, HEEBOO is ahead by 34.5 percentage points (HEEBOO +4.9% against RAVE -29.5%). Their daily returns move barely together (correlation 0.32 across 34 shared trading days). HEEBOO has been the more volatile of the two, at 130% annualised against RAVE's 89%.

Correlation: 0.32
Size ratio: 1 : 16.3
Ahead over 30 days: HEEBOO

HEEBOOHEEBOO

$0.008048

24h: -0.79%
Market cap: $2.33M
Volume 24h: $7,537
Volatility (ann.): 130%

RaveDAORAVE

$0.140863

24h: +4.26%
Market cap: $38.07M
Volume 24h: $1.11M
Volatility (ann.): 89%

HEEBOO 5.8%Share of the two combined market caps94.2% RAVE

Performance

HEEBOORAVE

7 days-5.06%-5.83%HEEBOO
30 days+4.92%-29.54%HEEBOO

Correlation

0.32over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	HEEBOO	RAVE
Max drawdown (400d)	-37.3%	-56.3%
Risk-adjusted return (90d)	-0.15	-0.60

Relative strength over 90 days: HEEBOO outperformed RAVE by 54.0% — measured on the HEEBOO/RAVE ratio, so it holds regardless of market direction.

HEEBOO →RaveDAO →