Skycastle vs GAL (migrated to Gravity - G)

GAL (migrated to Gravity - G) (GAL) is 1706.8× the size of Skycastle (SKY) by market capitalisation. Over the past 30 days, SKY is ahead by 1.8 percentage points (SKY -16.2% against GAL -18.0%). Their daily returns move barely together (correlation 0.23 across 32 shared trading days). GAL has been the more volatile of the two, at 426% annualised against SKY's 40%.

Correlation: 0.23
Size ratio: 1 : 1706.8
Ahead over 30 days: SKY

SkycastleSKY

$8.229e-7

24h: —
Market cap: $34,265
Volume 24h: $2
Volatility (ann.): 40%

GAL (migrated to Gravity - G)GAL

$2.5420

24h: -4.44%
Market cap: $58.48M
Volume 24h: $39
Volatility (ann.): 426%

SKY 0.1%Share of the two combined market caps99.9% GAL

Performance

SKYGAL

7 days-2.26%-8.33%SKY
30 days-16.20%-17.97%SKY

Correlation

0.23over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	SKY	GAL
Max drawdown (400d)	-19.2%	-64.9%
Risk-adjusted return (90d)	-0.40	-0.05

Relative strength over 90 days: SKY outperformed GAL by 0.2% — measured on the SKY/GAL ratio, so it holds regardless of market direction.

Skycastle →GAL (migrated to Gravity - G) →