STAYNEX vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 108607.7× the size of STAYNEX (STAY) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.16 across 34 shared trading days). STAY has been the more volatile of the two, at 212% annualised against FIGR_HELOC's 51%.

Correlation: -0.16
Size ratio: 1 : 108607.7

STAYNEXSTAY

$6.290e-6

24h: +2.06%
Market cap: $250,319
Volume 24h: $900,999
Volatility (ann.): 212%

Figure HelocFIGR_HELOC

$1.0340

24h: -1.18%
Market cap: $27.19B
Volume 24h: $509.41M
Volatility (ann.): 51%

STAY 0.0%Share of the two combined market caps100.0% FIGR_HELOC

Performance

STAYFIGR_HELOC

7 days+32.90%+0.39%STAY
30 days-26.94%-1.15%FIGR_HELOC
90 days-61.65%——

Correlation

-0.16over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	STAY	FIGR_HELOC
Max drawdown (400d)	-89.3%	-5.5%
Risk-adjusted return (90d)	-0.29	0.05

Relative strength over 90 days: FIGR_HELOC outperformed STAY by 25.3% — measured on the STAY/FIGR_HELOC ratio, so it holds regardless of market direction.

STAYNEX →Figure Heloc →