Naven Network vs Tether

Tether (USDT) is 1741260.1× the size of Naven Network (NAVEN) by market capitalisation. Over the past 30 days, USDT is ahead by 80.2 percentage points (NAVEN -80.2% against USDT -0.0%). Their daily returns move barely together (correlation 0.06 across 27 shared trading days). NAVEN has been the more volatile of the two, at 533% annualised against USDT's 1%.

Correlation: 0.06
Size ratio: 1 : 1741260.1
Ahead over 30 days: USDT

Naven NetworkNAVEN

$0.000102

24h: +3.52%
Market cap: $102,382
Volume 24h: $558
Volatility (ann.): 533%

TetherUSDT

$0.999439

24h: +0.04%
Market cap: $178.27B
Volume 24h: $57.39B
Volatility (ann.): 1%

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

Performance

NAVENUSDT

7 days+6.82%+0.03%NAVEN
30 days-80.23%-0.04%USDT

Correlation

0.06over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	NAVEN	USDT
Max drawdown (400d)	-89.1%	-0.2%
Risk-adjusted return (90d)	-0.13	0.03

Relative strength over 90 days: USDT outperformed NAVEN by 67.0% — measured on the NAVEN/USDT ratio, so it holds regardless of market direction.

Naven Network →Tether →