TaleX vs RaveDAO

RaveDAO (RAVE) is 69.0× the size of TaleX (X) by market capitalisation. Over the past 30 days, RAVE is ahead by 40.4 percentage points (X -69.9% against RAVE -29.5%). Their daily returns move loosely together (correlation 0.36 across 34 shared trading days). X has been the more volatile of the two, at 281% annualised against RAVE's 89%.

Correlation: 0.36
Size ratio: 1 : 69.0
Ahead over 30 days: RAVE

TaleXX

$0.003674

24h: +9.03%
Market cap: $551,024
Volume 24h: $150,069
Volatility (ann.): 281%

RaveDAORAVE

$0.140710

24h: +3.61%
Market cap: $38.02M
Volume 24h: $1.10M
Volatility (ann.): 89%

X 1.4%Share of the two combined market caps98.6% RAVE

Performance

XRAVE

7 days-2.10%-5.83%X
30 days-69.94%-29.54%RAVE

Correlation

0.36over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4090d: 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	X	RAVE
Max drawdown (400d)	-80.4%	-56.3%
Risk-adjusted return (90d)	-0.10	-0.60

Relative strength over 90 days: X outperformed RAVE by 39.1% — measured on the X/RAVE ratio, so it holds regardless of market direction.

TaleX →RaveDAO →