Squid vs Olympus

Olympus (OHM) is 34.3× the size of Squid (QUID) by market capitalisation. Over the past 30 days, OHM is ahead by 4.8 percentage points (QUID -14.6% against OHM -9.8%). Their daily returns move barely together (correlation 0.25 across 45 shared trading days). QUID has been the more volatile of the two, at 99% annualised against OHM's 29%.

Correlation: 0.25
Size ratio: 1 : 34.3
Ahead over 30 days: OHM

SquidQUID

$0.055696

24h: -0.83%
Market cap: $7.97M
Volume 24h: $2.26M
Volatility (ann.): 99%

OlympusOHM

$18.3300

24h: -0.58%
Market cap: $273.76M
Volume 24h: $181,257
Volatility (ann.): 29%

QUID 2.8%Share of the two combined market caps97.2% OHM

Performance

QUIDOHM

7 days-1.03%-5.47%QUID
30 days-14.59%-9.84%OHM

Correlation

0.25over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	QUID	OHM
Max drawdown (400d)	-51.2%	-10.8%
Risk-adjusted return (90d)	-0.51	-0.03

Relative strength over 90 days: OHM outperformed QUID by 21.2% — measured on the QUID/OHM ratio, so it holds regardless of market direction.

Squid →Olympus →