Thales vs Derive

Derive (DRV) is 288.2× the size of Thales (THALES) by market capitalisation. Over the past 30 days, DRV is ahead by 141.9 percentage points (THALES -28.1% against DRV +113.9%). Their daily returns move loosely in opposite directions (correlation -0.52 across 25 shared trading days). DRV has been the more volatile of the two, at 596% annualised against THALES's 88%.

Correlation: -0.52
Size ratio: 1 : 288.2
Ahead over 30 days: DRV

ThalesTHALES

$0.187102

24h: -0.42%
Market cap: $1.25M
Volume 24h: $46
Volatility (ann.): 88%

DeriveDRV

$0.340183

24h: +12.05%
Market cap: $361.36M
Volume 24h: $6.96M
Volatility (ann.): 596%

THALES 0.3%Share of the two combined market caps99.7% DRV

Performance

THALESDRV

7 days-12.97%-12.47%DRV
30 days-28.06%+113.87%DRV

Correlation

-0.52over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5290d: 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	THALES	DRV
Max drawdown (400d)	-31.8%	-32.6%
Risk-adjusted return (90d)	-0.33	0.40

Relative strength over 90 days: DRV outperformed THALES by 66.9% — measured on the THALES/DRV ratio, so it holds regardless of market direction.

Thales →Derive →