somaliscan vs Tether

Tether (USDT) is 13802799.8× the size of somaliscan (SS) by market capitalisation. Over the past 30 days, USDT is ahead by 21.2 percentage points (SS -21.2% against USDT -0.0%). Their daily returns move barely together (correlation 0.21 across 20 shared trading days). SS has been the more volatile of the two, at 73% annualised against USDT's 1%.

Correlation: 0.21
Size ratio: 1 : 13802799.8
Ahead over 30 days: USDT

somaliscanSS

$1.286e-5

24h: —
Market cap: $12,861
Volume 24h: $3
Volatility (ann.): 73%

TetherUSDT

$0.998974

24h: -0.04%
Market cap: $177.52B
Volume 24h: $66.46B
Volatility (ann.): 1%

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

Performance

SSUSDT

7 days-4.54%+0.03%USDT
30 days-21.21%-0.04%USDT

Correlation

0.21over 20 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	SS	USDT
Max drawdown (400d)	-24.8%	-0.2%
Risk-adjusted return (90d)	-0.29	0.03

Relative strength over 90 days: USDT outperformed SS by 12.7% — measured on the SS/USDT ratio, so it holds regardless of market direction.

somaliscan →Tether →