Shack Token vs HAVA

HAVA (HAVA) is 14.6× the size of Shack Token (SHACK) by market capitalisation. Over the past 30 days, HAVA is ahead by 53.4 percentage points (SHACK -54.7% against HAVA -1.4%). Their daily returns move barely in opposite directions (correlation -0.10 across 29 shared trading days). SHACK has been the more volatile of the two, at 161% annualised against HAVA's 5%.

Correlation: -0.10
Size ratio: 1 : 14.6
Ahead over 30 days: HAVA

Shack TokenSHACK

$0.000618

24h: -14.49%
Market cap: $598,752
Volume 24h: $2,657
Volatility (ann.): 161%

HAVAHAVA

$2.1900

24h: +0.02%
Market cap: $8.75M
Volume 24h: $8,459
Volatility (ann.): 5%

SHACK 6.4%Share of the two combined market caps93.6% HAVA

Performance

SHACKHAVA

7 days-22.91%-0.90%HAVA
30 days-54.71%-1.35%HAVA

Correlation

-0.10over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: 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	SHACK	HAVA
Max drawdown (400d)	-61.3%	-1.8%
Risk-adjusted return (90d)	-0.34	-0.26

Relative strength over 90 days: HAVA outperformed SHACK by 21.6% — measured on the SHACK/HAVA ratio, so it holds regardless of market direction.

Shack Token →HAVA →