Hoodwatch vs SoSoValue

SoSoValue (SOSO) is 10013.2× the size of Hoodwatch (WATCH) by market capitalisation. Over the past 30 days, SOSO is ahead by 75.5 percentage points (WATCH -66.7% against SOSO +8.8%). Their daily returns move barely together (correlation 0.15 across 22 shared trading days). WATCH has been the more volatile of the two, at 125% annualised against SOSO's 69%.

Correlation: 0.15
Size ratio: 1 : 10013.2
Ahead over 30 days: SOSO

HoodwatchWATCH

$1.067e-5

24h: —
Market cap: $10,671
Volume 24h: $30
Volatility (ann.): 125%

SoSoValueSOSO

$0.312432

24h: -3.35%
Market cap: $106.85M
Volume 24h: $1.07M
Volatility (ann.): 69%

WATCH 0.0%Share of the two combined market caps100.0% SOSO

Performance

WATCHSOSO

7 days-15.37%+6.09%SOSO
30 days-66.71%+8.84%SOSO

Correlation

0.15over 22 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	WATCH	SOSO
Max drawdown (400d)	-67.3%	-11.6%
Risk-adjusted return (90d)	-0.49	0.03

Relative strength over 90 days: SOSO outperformed WATCH by 54.7% — measured on the WATCH/SOSO ratio, so it holds regardless of market direction.

Hoodwatch →SoSoValue →