ALTDeer vs Pi Network

Pi Network (PI) is 200.7× the size of ALTDeer (ALT) by market capitalisation. Over the past 30 days, ALT is ahead by 5.3 percentage points (ALT -14.4% against PI -19.6%). Their daily returns move barely together (correlation 0.29 across 23 shared trading days). ALT has been the more volatile of the two, at 64% annualised against PI's 41%.

Correlation: 0.29
Size ratio: 1 : 200.7
Ahead over 30 days: ALT

ALTDeerALT

$0.008300

24h: —
Market cap: $4.32M
Volume 24h: —
Volatility (ann.): 64%

Pi NetworkPI

$0.076394

24h: +0.66%
Market cap: $866.77M
Volume 24h: $5.74M
Volatility (ann.): 41%

ALT 0.5%Share of the two combined market caps99.5% PI

Performance

ALTPI

7 days-16.15%+0.02%PI
30 days-14.39%-19.65%ALT

Correlation

0.29over 23 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	ALT	PI
Max drawdown (400d)	-21.8%	-23.1%
Risk-adjusted return (90d)	-0.18	-0.26

Relative strength over 90 days: ALT outperformed PI by 3.4% — measured on the ALT/PI ratio, so it holds regardless of market direction.

ALTDeer →Pi Network →