Sidiora Markets vs Tether

Tether (USDT) is 55888.0× the size of Sidiora Markets (SID) by market capitalisation. Over the past 30 days, SID is ahead by 342.6 percentage points (SID +342.5% against USDT -0.1%). Their daily returns move loosely in opposite directions (correlation -0.54 across 26 shared trading days). SID has been the more volatile of the two, at 1118% annualised against USDT's 1%.

Correlation: -0.54
Size ratio: 1 : 55888.0
Ahead over 30 days: SID

Sidiora MarketsSID

$0.003221

24h: -1.84%
Market cap: $3.19M
Volume 24h: $7,242
Volatility (ann.): 1118%

TetherUSDT

$0.999009

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.39B
Volatility (ann.): 1%

SID 0.0%Share of the two combined market caps100.0% USDT

Performance

SIDUSDT

7 days+339.54%+0.03%SID
30 days+342.51%-0.08%SID

Correlation

-0.54over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5490d: 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	SID	USDT
Max drawdown (400d)	-40.3%	-0.2%
Risk-adjusted return (90d)	0.22	-0.03

Relative strength over 90 days: SID outperformed USDT by 242.4% — measured on the SID/USDT ratio, so it holds regardless of market direction.

Sidiora Markets →Tether →