Wigl vs Stable

Stable (STABLE) is 139.5× the size of Wigl (WIGL) by market capitalisation. Over the past 30 days, STABLE is ahead by 5.0 percentage points (WIGL -6.4% against STABLE -1.4%). Their daily returns move barely together (correlation 0.30 across 30 shared trading days). STABLE has been the more volatile of the two, at 82% annualised against WIGL's 31%.

Correlation: 0.30
Size ratio: 1 : 139.5
Ahead over 30 days: STABLE

WiglWIGL

$0.030931

24h: +0.37%
Market cap: $3.78M
Volume 24h: $986
Volatility (ann.): 31%

StableSTABLE

$0.029310

24h: +8.68%
Market cap: $527.55M
Volume 24h: $7.53M
Volatility (ann.): 82%

WIGL 0.7%Share of the two combined market caps99.3% STABLE

Performance

WIGLSTABLE

7 days-0.64%+0.69%STABLE
30 days-6.38%-1.37%STABLE

Correlation

0.30over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	WIGL	STABLE
Max drawdown (400d)	-10.8%	-25.6%
Risk-adjusted return (90d)	-0.26	-0.10

Relative strength over 90 days: STABLE outperformed WIGL by 9.7% — measured on the WIGL/STABLE ratio, so it holds regardless of market direction.

Wigl →Stable →