Snowbank vs Olympus

Olympus (OHM) is 7.3× the size of Snowbank (SB) by market capitalisation. Over the past 30 days, SB is ahead by 9.9 percentage points (SB +0.0% against OHM -9.8%). Their daily returns move barely together (correlation 0.21 across 46 shared trading days). SB has been the more volatile of the two, at 65% annualised against OHM's 29%.

Correlation: 0.21
Size ratio: 1 : 7.3
Ahead over 30 days: SB

SnowbankSB

$234.9100

24h: +5.48%
Market cap: $37.50M
Volume 24h: $18
Volatility (ann.): 65%

OlympusOHM

$18.2700

24h: -0.68%
Market cap: $272.89M
Volume 24h: $203,179
Volatility (ann.): 29%

SB 12.1%Share of the two combined market caps87.9% OHM

Performance

SBOHM

7 days+0.01%-5.47%SB
30 days+0.03%-9.84%SB

Correlation

0.21over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 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	SB	OHM
Max drawdown (400d)	-17.8%	-10.8%
Risk-adjusted return (90d)	-0.01	-0.03

Relative strength over 90 days: SB outperformed OHM by 1.4% — measured on the SB/OHM ratio, so it holds regardless of market direction.

Snowbank →Olympus →