Tune.Fm vs RaveDAO

RaveDAO (RAVE) is 158.9× the size of Tune.Fm (JAM) by market capitalisation. Over the past 30 days, JAM is ahead by 3.4 percentage points (JAM -19.8% against RAVE -23.2%). Their daily returns move barely in opposite directions (correlation -0.07 across 21 shared trading days). JAM has been the more volatile of the two, at 157% annualised against RAVE's 89%.

Correlation: -0.07
Size ratio: 1 : 158.9
Ahead over 30 days: JAM

Tune.FmJAM

$8.100e-6

24h: +1.04%
Market cap: $240,658
Volume 24h: $641
Volatility (ann.): 157%

RaveDAORAVE

$0.141587

24h: +2.75%
Market cap: $38.25M
Volume 24h: $938,521
Volatility (ann.): 89%

JAM 0.6%Share of the two combined market caps99.4% RAVE

Performance

JAMRAVE

7 days-5.60%-2.89%RAVE
30 days-19.79%-23.18%JAM

Correlation

-0.07over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	JAM	RAVE
Max drawdown (400d)	-29.8%	-56.3%
Risk-adjusted return (90d)	-0.13	-0.58

Relative strength over 90 days: JAM outperformed RAVE by 48.6% — measured on the JAM/RAVE ratio, so it holds regardless of market direction.

Tune.Fm →RaveDAO →