長押しで変化 (Long press to change) vs Tether

Tether (USDT) is 54419920.5× the size of 長押しで変化 (Long press to change) (CHANGE) by market capitalisation. Over the past 30 days, USDT is ahead by 21.0 percentage points (CHANGE -21.0% against USDT -0.0%). Their daily returns move barely together (correlation 0.17 across 22 shared trading days). CHANGE has been the more volatile of the two, at 42% annualised against USDT's 1%.

Correlation: 0.17
Size ratio: 1 : 54419920.5
Ahead over 30 days: USDT

長押しで変化 (Long press to change)CHANGE

$3.500e-6

24h: +4.11%
Market cap: $3,276
Volume 24h: $3
Volatility (ann.): 42%

TetherUSDT

$0.999405

24h: +0.05%
Market cap: $178.27B
Volume 24h: $63.70B
Volatility (ann.): 1%

CHANGE 0.0%Share of the two combined market caps100.0% USDT

Performance

CHANGEUSDT

7 days-7.44%+0.03%USDT
30 days-20.99%-0.04%USDT

Correlation

0.17over 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	CHANGE	USDT
Max drawdown (400d)	-24.5%	-0.2%
Risk-adjusted return (90d)	-0.49	0.03

Relative strength over 90 days: USDT outperformed CHANGE by 16.6% — measured on the CHANGE/USDT ratio, so it holds regardless of market direction.

長押しで変化 (Long press to change) →Tether →