StarSlax vs Stable

Stable (STABLE) is 845.2× the size of StarSlax (SSLX) by market capitalisation. Over the past 30 days, STABLE is ahead by 18.5 percentage points (SSLX -19.9% against STABLE -1.4%). Their daily returns move barely in opposite directions (correlation -0.08 across 20 shared trading days). SSLX has been the more volatile of the two, at 102% annualised against STABLE's 82%.

Correlation: -0.08
Size ratio: 1 : 845.2
Ahead over 30 days: STABLE

StarSlaxSSLX

$6.143e-5

24h: +6.39%
Market cap: $614,124
Volume 24h: $14,525
Volatility (ann.): 102%

StableSTABLE

$0.028841

24h: +6.14%
Market cap: $519.07M
Volume 24h: $5.77M
Volatility (ann.): 82%

SSLX 0.1%Share of the two combined market caps99.9% STABLE

Performance

SSLXSTABLE

7 days-4.27%+0.69%STABLE
30 days-19.92%-1.37%STABLE

Correlation

-0.08over 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	SSLX	STABLE
Max drawdown (400d)	-34.4%	-25.6%
Risk-adjusted return (90d)	-0.20	-0.10

Relative strength over 90 days: STABLE outperformed SSLX by 16.7% — measured on the SSLX/STABLE ratio, so it holds regardless of market direction.

StarSlax →Stable →