Kata Finance vs Definitive

Definitive (EDGE) is 4218.7× the size of Kata Finance (KATF) by market capitalisation. Over the past 30 days, EDGE is ahead by 5.7 percentage points (KATF -34.5% against EDGE -28.8%). Their daily returns move barely together (correlation 0.09 across 40 shared trading days). KATF has been the more volatile of the two, at 177% annualised against EDGE's 121%.

Correlation: 0.09
Size ratio: 1 : 4218.7
Ahead over 30 days: EDGE

Kata FinanceKATF

$5.300e-6

24h: —
Market cap: $5,298
Volume 24h: $10
Volatility (ann.): 177%

DefinitiveEDGE

$0.081452

24h: +0.69%
Market cap: $22.35M
Volume 24h: $4.76M
Volatility (ann.): 121%

KATF 0.0%Share of the two combined market caps100.0% EDGE

Performance

KATFEDGE

7 days-3.43%+7.95%EDGE
30 days-34.52%-28.82%EDGE

Correlation

0.09over 40 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0290d: 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	KATF	EDGE
Max drawdown (400d)	-88.5%	-48.4%
Risk-adjusted return (90d)	-0.50	-0.36

Relative strength over 90 days: EDGE outperformed KATF by 84.0% — measured on the KATF/EDGE ratio, so it holds regardless of market direction.

Kata Finance →Definitive →