Allo vs Zebec Network

Zebec Network (ZBCN) is 92.2× the size of Allo (RWA) by market capitalisation. Over the past 30 days, ZBCN is ahead by 25.1 percentage points (RWA -14.0% against ZBCN +11.1%). Their daily returns move barely together (correlation 0.09 across 31 shared trading days). ZBCN has been the more volatile of the two, at 106% annualised against RWA's 49%.

Correlation: 0.09
Size ratio: 1 : 92.2
Ahead over 30 days: ZBCN

AlloRWA

$0.001192

24h: +0.22%
Market cap: $2.15M
Volume 24h: $297,882
Volatility (ann.): 49%

Zebec NetworkZBCN

$0.001967

24h: -1.11%
Market cap: $197.79M
Volume 24h: $8.58M
Volatility (ann.): 106%

RWA 1.1%Share of the two combined market caps98.9% ZBCN

Performance

RWAZBCN

7 days-4.64%-3.68%ZBCN
30 days-13.98%+11.12%ZBCN

Correlation

0.09over 31 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	RWA	ZBCN
Max drawdown (400d)	-16.7%	-20.8%
Risk-adjusted return (90d)	-0.08	0.23

Relative strength over 90 days: ZBCN outperformed RWA by 10.3% — measured on the RWA/ZBCN ratio, so it holds regardless of market direction.

Allo →Zebec Network →