PlaysOut vs Aerodrome Finance

Aerodrome Finance (AERO) is 44.8× the size of PlaysOut (PLAY) by market capitalisation. Over the past 90 days, AERO is ahead by 107.4 percentage points (PLAY -60.1% against AERO +47.3%). Their daily returns move barely together (correlation 0.21 across 84 shared trading days). PLAY has been the more volatile of the two, at 148% annualised against AERO's 101%.

Correlation: 0.21
Size ratio: 1 : 44.8
Ahead over 90 days: AERO

PlaysOutPLAY

$0.013769

24h: +6.05%
Market cap: $5.14M
Volume 24h: $2.19M
Volatility (ann.): 148%

Aerodrome FinanceAERO

$0.634200

24h: +1.84%
Market cap: $230.18M
Volume 24h: $30.94M
Volatility (ann.): 101%

PLAY 2.2%Share of the two combined market caps97.8% AERO

Performance

PLAYAERO

7 days-13.62%-10.61%AERO
30 days-60.55%-28.90%AERO
90 days-60.07%+47.30%AERO

Correlation

0.21over 84 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 0.211y: 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	PLAY	AERO
Max drawdown (400d)	-68.0%	-36.4%
Risk-adjusted return (90d)	-0.39	0.44

Relative strength over 90 days: AERO outperformed PLAY by 69.8% — measured on the PLAY/AERO ratio, so it holds regardless of market direction.

PlaysOut →Aerodrome Finance →