Three Kingdoms vs Atoshi

Atoshi (ATOS) is 100.0× the size of Three Kingdoms (3KDS) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 35 shared trading days). 3KDS has been the more volatile of the two, at 224% annualised against ATOS's 131%.

Correlation: -0.04
Size ratio: 1 : 100.0

Three Kingdoms3KDS

$0.000471

24h: +0.30%
Market cap: $277,814
Volume 24h: $190
Volatility (ann.): 224%

AtoshiATOS

$0.030765

24h: +0.76%
Market cap: $27.79M
Volume 24h: $18,388
Volatility (ann.): 131%

3KDS 1.0%Share of the two combined market caps99.0% ATOS

Performance

3KDSATOS

7 days-1.29%-7.50%3KDS
30 days-20.48%-23.60%3KDS
90 days-22.68%——

Correlation

-0.04over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	3KDS	ATOS
Max drawdown (400d)	-86.9%	-50.7%
Risk-adjusted return (90d)	-0.15	-0.11

Relative strength over 90 days: ATOS outperformed 3KDS by 48.8% — measured on the 3KDS/ATOS ratio, so it holds regardless of market direction.

Three Kingdoms →Atoshi →