NEXST vs RaveDAO

RaveDAO (RAVE) is 2.1× the size of NEXST (NXT) by market capitalisation. Their daily returns move closely in opposite directions (correlation -0.65 across 45 shared trading days). NXT has been the more volatile of the two, at 219% annualised against RAVE's 89%.

Correlation: -0.65
Size ratio: 1 : 2.1

NEXSTNXT

$0.070392

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

RaveDAORAVE

$0.143211

24h: +4.61%
Market cap: $38.70M
Volume 24h: $1.24M
Volatility (ann.): 89%

NXT 31.9%Share of the two combined market caps68.1% RAVE

Performance

NXTRAVE

7 days-18.17%-5.83%RAVE
30 days+8.24%-29.54%NXT
90 days-66.30%——

Correlation

-0.65over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.6790d: 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	RAVE
Max drawdown (400d)	-89.7%	-56.3%
Risk-adjusted return (90d)	-0.29	-0.60

Relative strength over 90 days: NXT outperformed RAVE by 62.5% — measured on the NXT/RAVE ratio, so it holds regardless of market direction.

NEXST →RaveDAO →