NEXST vs Atoshi

Atoshi (ATOS) is 1.6× the size of NEXST (NXT) by market capitalisation. Their daily returns move closely in opposite directions (correlation -0.67 across 45 shared trading days). NXT has been the more volatile of the two, at 219% annualised against ATOS's 131%.

Correlation: -0.67
Size ratio: 1 : 1.6

NEXSTNXT

$0.070392

24h: +1.72%
Market cap: $18.16M
Volume 24h: $658,728
Volatility (ann.): 219%

AtoshiATOS

$0.031925

24h: +3.71%
Market cap: $28.83M
Volume 24h: $18,915
Volatility (ann.): 131%

NXT 38.7%Share of the two combined market caps61.3% ATOS

Performance

NXTATOS

7 days-18.17%-7.50%ATOS
30 days+8.24%-23.60%NXT
90 days-66.30%——

Correlation

-0.67over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.7490d: 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	NXT	ATOS
Max drawdown (400d)	-89.7%	-50.7%
Risk-adjusted return (90d)	-0.29	-0.11

Relative strength over 90 days: ATOS outperformed NXT by 5.4% — measured on the NXT/ATOS ratio, so it holds regardless of market direction.

NEXST →Atoshi →