Palu vs BUILDon

BUILDon (B) is 130.7× the size of Palu (PALU) by market capitalisation. Over the past 30 days, B is ahead by 6.6 percentage points (PALU -37.9% against B -31.3%). Their daily returns move loosely together (correlation 0.59 across 29 shared trading days). PALU has been the more volatile of the two, at 201% annualised against B's 137%.

Correlation: 0.59
Size ratio: 1 : 130.7
Ahead over 30 days: B

PaluPALU

$0.001009

24h: -0.56%
Market cap: $1.01M
Volume 24h: $374,120
Volatility (ann.): 201%

BUILDonB

$0.131929

24h: +0.21%
Market cap: $131.93M
Volume 24h: $4.00M
Volatility (ann.): 137%

PALU 0.8%Share of the two combined market caps99.2% B

Performance

PALUB

7 days-18.78%-3.78%B
30 days-37.92%-31.28%B

Correlation

0.59over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5990d: 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	PALU	B
Max drawdown (400d)	-51.7%	-50.5%
Risk-adjusted return (90d)	-0.09	-0.10

Relative strength over 90 days: B outperformed PALU by 13.3% — measured on the PALU/B ratio, so it holds regardless of market direction.

Palu →BUILDon →