Winternomics TV vs RaveDAO

RaveDAO (RAVE) is 12.0× the size of Winternomics TV (WNTV) by market capitalisation. Over the past 30 days, WNTV is ahead by 16.9 percentage points (WNTV -12.6% against RAVE -29.5%). Their daily returns move barely in opposite directions (correlation -0.07 across 34 shared trading days). WNTV has been the more volatile of the two, at 196% annualised against RAVE's 89%.

Correlation: -0.07
Size ratio: 1 : 12.0
Ahead over 30 days: WNTV

Winternomics TVWNTV

$0.003223

24h: +3.34%
Market cap: $3.22M
Volume 24h: $5,505
Volatility (ann.): 196%

RaveDAORAVE

$0.143089

24h: +4.98%
Market cap: $38.67M
Volume 24h: $1.23M
Volatility (ann.): 89%

WNTV 7.7%Share of the two combined market caps92.3% RAVE

Performance

WNTVRAVE

7 days-11.95%-5.83%RAVE
30 days-12.59%-29.54%WNTV

Correlation

-0.07over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: 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	WNTV	RAVE
Max drawdown (400d)	-53.8%	-56.3%
Risk-adjusted return (90d)	-0.24	-0.60

Relative strength over 90 days: WNTV outperformed RAVE by 2.3% — measured on the WNTV/RAVE ratio, so it holds regardless of market direction.

Winternomics TV →RaveDAO →