THAT vs Kaspa

Kaspa (KAS) is 238.2× the size of THAT (THAT) by market capitalisation. Over the past 30 days, THAT is ahead by 8.4 percentage points (THAT -1.7% against KAS -10.1%). Their daily returns move barely together (correlation 0.19 across 30 shared trading days). KAS has been the more volatile of the two, at 106% annualised against THAT's 56%.

Correlation: 0.19
Size ratio: 1 : 238.2
Ahead over 30 days: THAT

THATTHAT

$0.002351

24h: -2.61%
Market cap: $3.72M
Volume 24h: $12,653
Volatility (ann.): 56%

KaspaKAS

$0.031905

24h: +3.40%
Market cap: $886.71M
Volume 24h: $10.85M
Volatility (ann.): 106%

THAT 0.4%Share of the two combined market caps99.6% KAS

Performance

THATKAS

7 days+5.93%-11.37%THAT
30 days-1.73%-10.15%THAT

Correlation

0.19over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	THAT	KAS
Max drawdown (400d)	-10.8%	-34.1%
Risk-adjusted return (90d)	0.12	0.17

Relative strength over 90 days: KAS outperformed THAT by 3.4% — measured on the THAT/KAS ratio, so it holds regardless of market direction.

THAT →Kaspa →