Radium vs Definitive

Definitive (EDGE) is 3914.8× the size of Radium (RADIUM) by market capitalisation. Over the past 30 days, RADIUM is ahead by 21.9 percentage points (RADIUM -11.9% against EDGE -33.9%). Their daily returns move barely in opposite directions (correlation -0.30 across 25 shared trading days). EDGE has been the more volatile of the two, at 119% annualised against RADIUM's 58%.

Correlation: -0.30
Size ratio: 1 : 3914.8
Ahead over 30 days: RADIUM

RadiumRADIUM

$6.210e-6

24h: —
Market cap: $6,211
Volume 24h: —
Volatility (ann.): 58%

DefinitiveEDGE

$0.088754

24h: +13.48%
Market cap: $24.31M
Volume 24h: $10.55M
Volatility (ann.): 119%

RADIUM 0.0%Share of the two combined market caps100.0% EDGE

Performance

RADIUMEDGE

7 days-12.20%-4.92%EDGE
30 days-11.92%-33.87%RADIUM

Correlation

-0.30over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: 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	RADIUM	EDGE
Max drawdown (400d)	-20.3%	-48.4%
Risk-adjusted return (90d)	-0.21	-0.39

Relative strength over 90 days: RADIUM outperformed EDGE by 27.5% — measured on the RADIUM/EDGE ratio, so it holds regardless of market direction.

Radium →Definitive →