Shardeum vs Stable

Stable (STABLE) is 812.1× the size of Shardeum (SHM) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 35 shared trading days). SHM has been the more volatile of the two, at 135% annualised against STABLE's 82%.

Correlation: 0.11
Size ratio: 1 : 812.1

ShardeumSHM

$3.779e-5

24h: -0.48%
Market cap: $643,457
Volume 24h: $123,561
Volatility (ann.): 135%

StableSTABLE

$0.029042

24h: +6.78%
Market cap: $522.53M
Volume 24h: $7.12M
Volatility (ann.): 82%

SHM 0.1%Share of the two combined market caps99.9% STABLE

Performance

SHMSTABLE

7 days-0.45%+0.69%STABLE
30 days-2.23%-1.37%STABLE
90 days+5.70%——
1 year-99.93%——

Correlation

0.11over 35 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	SHM	STABLE
Max drawdown (400d)	-100.0%	-25.6%
Risk-adjusted return (90d)	0.07	-0.10

Relative strength over 90 days: SHM outperformed STABLE by 28.5% — measured on the SHM/STABLE ratio, so it holds regardless of market direction.

Shardeum →Stable →