Hummingbot vs Definitive

Definitive (EDGE) is 110.3× the size of Hummingbot (HBOT) by market capitalisation. Over the past 30 days, HBOT is ahead by 30.4 percentage points (HBOT -3.4% against EDGE -33.9%). Their daily returns move loosely together (correlation 0.46 across 35 shared trading days). EDGE has been the more volatile of the two, at 119% annualised against HBOT's 32%.

Correlation: 0.46
Size ratio: 1 : 110.3
Ahead over 30 days: HBOT

HummingbotHBOT

$0.000381

24h: +3.30%
Market cap: $235,627
Volume 24h: $374
Volatility (ann.): 32%

DefinitiveEDGE

$0.094855

24h: +26.55%
Market cap: $25.98M
Volume 24h: $10.68M
Volatility (ann.): 119%

HBOT 0.9%Share of the two combined market caps99.1% EDGE

Performance

HBOTEDGE

7 days+0.27%-4.92%HBOT
30 days-3.42%-33.87%HBOT

Correlation

0.46over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7190d: 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	HBOT	EDGE
Max drawdown (400d)	-11.0%	-48.4%
Risk-adjusted return (90d)	-0.08	-0.39

Relative strength over 90 days: HBOT outperformed EDGE by 35.1% — measured on the HBOT/EDGE ratio, so it holds regardless of market direction.

Hummingbot →Definitive →