Ambire Wallet (WALLET) is 12.7× the size of Holdstation (HOLD) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.20 across 107 shared trading days). WALLET has been the more volatile of the two, at 150% annualised against HOLD's 84%.
HOLDWALLET
-0.20over 107 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 | HOLD | WALLET |
|---|---|---|
| Max drawdown (400d) | -55.4% | -77.2% |
| Risk-adjusted return (90d) | -0.66 | 0.52 |
| Best 30 days (past year) | — | +121.4% |
| Worst 30 days (past year) | — | -69.9% |
Relative strength over 90 days: WALLET outperformed HOLD by 64.1% — measured on the HOLD/WALLET ratio, so it holds regardless of market direction.