Sidekick vs RaveDAO

RaveDAO (RAVE) is 4062.7× the size of Sidekick (K) by market capitalisation. Over the past 30 days, K is ahead by 54.7 percentage points (K +31.6% against RAVE -23.2%). Their daily returns move barely together (correlation 0.11 across 22 shared trading days). K has been the more volatile of the two, at 871% annualised against RAVE's 89%.

Correlation: 0.11
Size ratio: 1 : 4062.7
Ahead over 30 days: K

SidekickK

$8.456e-5

24h: -0.31%
Market cap: $9,414
Volume 24h: $4
Volatility (ann.): 871%

RaveDAORAVE

$0.141532

24h: +0.74%
Market cap: $38.25M
Volume 24h: $909,397
Volatility (ann.): 89%

K 0.0%Share of the two combined market caps100.0% RAVE

Performance

KRAVE

7 days-18.55%-2.89%RAVE
30 days+31.55%-23.18%K

Correlation

0.11over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	K	RAVE
Max drawdown (400d)	-73.0%	-56.3%
Risk-adjusted return (90d)	0.04	-0.58

Relative strength over 90 days: K outperformed RAVE by 155.8% — measured on the K/RAVE ratio, so it holds regardless of market direction.

Sidekick →RaveDAO →