air coin vs 牛来 (Niu Lai)

牛来 (Niu Lai) (牛来) is 3069.4× the size of air coin (空气币 /) by market capitalisation. Over the past 30 days, 牛来 is ahead by 3.8 percentage points (空气币 / -19.2% against 牛来 -15.5%). Their daily returns move barely together (correlation 0.11 across 30 shared trading days). 牛来 has been the more volatile of the two, at 194% annualised against 空气币 /'s 81%.

Correlation: 0.11
Size ratio: 1 : 3069.4
Ahead over 30 days: 牛来

air coin空气币 /

$1.715e-5

24h: +0.11%
Market cap: $17,152
Volume 24h: $251
Volatility (ann.): 81%

牛来 (Niu Lai)牛来

$0.053350

24h: -18.73%
Market cap: $52.65M
Volume 24h: $11.09M
Volatility (ann.): 194%

空气币 / 0.0%Share of the two combined market caps100.0% 牛来

Performance

空气币 /牛来

7 days-7.15%+11.18%牛来
30 days-19.22%-15.46%牛来

Correlation

0.11over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	空气币 /	牛来
Max drawdown (400d)	-25.9%	-60.2%
Risk-adjusted return (90d)	-0.24	-0.09

Relative strength over 90 days: 空气币 / outperformed 牛来 by 23.4% — measured on the 空气币 //牛来 ratio, so it holds regardless of market direction.

air coin →牛来 (Niu Lai) →