Alon vs Venice Token

Venice Token (VVV) is 401.3× the size of Alon (ALON) by market capitalisation. Over the past 30 days, VVV is ahead by 6.0 percentage points (ALON -8.8% against VVV -2.8%). Their daily returns move barely in opposite directions (correlation -0.04 across 21 shared trading days). ALON has been the more volatile of the two, at 236% annualised against VVV's 170%.

Correlation: -0.04
Size ratio: 1 : 401.3
Ahead over 30 days: VVV

AlonALON

$0.002922

24h: +1.51%
Market cap: $2.89M
Volume 24h: $89,937
Volatility (ann.): 236%

Venice TokenVVV

$23.7700

24h: +6.58%
Market cap: $1.16B
Volume 24h: $45.55M
Volatility (ann.): 170%

ALON 0.2%Share of the two combined market caps99.8% VVV

Performance

ALONVVV

7 days+36.19%-12.69%ALON
30 days-8.76%-2.78%VVV

Correlation

-0.04over 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	ALON	VVV
Max drawdown (400d)	-38.6%	-29.6%
Risk-adjusted return (90d)	-0.04	0.54

Relative strength over 90 days: VVV outperformed ALON by 42.6% — measured on the ALON/VVV ratio, so it holds regardless of market direction.

Alon →Venice Token →