Oobit vs Stable

Stable (STABLE) is 151.3× the size of Oobit (OOB) by market capitalisation. Over the past 30 days, STABLE is ahead by 38.0 percentage points (OOB -39.4% against STABLE -1.4%). Their daily returns move barely together (correlation 0.16 across 29 shared trading days). OOB has been the more volatile of the two, at 107% annualised against STABLE's 82%.

Correlation: 0.16
Size ratio: 1 : 151.3
Ahead over 30 days: STABLE

OobitOOB

$0.005830

24h: -1.63%
Market cap: $3.38M
Volume 24h: $60,190
Volatility (ann.): 107%

StableSTABLE

$0.028387

24h: +4.42%
Market cap: $511.11M
Volume 24h: $9.37M
Volatility (ann.): 82%

OOB 0.7%Share of the two combined market caps99.3% STABLE

Performance

OOBSTABLE

7 days-36.69%+0.69%STABLE
30 days-39.35%-1.37%STABLE

Correlation

0.16over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	OOB	STABLE
Max drawdown (400d)	-42.8%	-25.6%
Risk-adjusted return (90d)	-0.31	-0.10

Relative strength over 90 days: STABLE outperformed OOB by 35.4% — measured on the OOB/STABLE ratio, so it holds regardless of market direction.

Oobit →Stable →