Aragon vs Railgun

Railgun (RAIL) is 33.3× the size of Aragon (ANT) by market capitalisation. Over the past 30 days, ANT is ahead by 29.1 percentage points (ANT +32.9% against RAIL +3.8%). Their daily returns move barely in opposite directions (correlation -0.29 across 25 shared trading days). ANT has been the more volatile of the two, at 1529% annualised against RAIL's 167%.

Correlation: -0.29
Size ratio: 1 : 33.3
Ahead over 30 days: ANT

AragonANT

$0.095581

24h: -1.91%
Market cap: $4.13M
Volume 24h: $32
Volatility (ann.): 1529%

RailgunRAIL

$2.2900

24h: +6.06%
Market cap: $137.44M
Volume 24h: $170,090
Volatility (ann.): 167%

ANT 2.9%Share of the two combined market caps97.1% RAIL

Performance

ANTRAIL

7 days+55.05%-12.20%ANT
30 days+32.90%+3.85%ANT

Correlation

-0.29over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2990d: 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	ANT	RAIL
Max drawdown (400d)	-74.6%	-26.3%
Risk-adjusted return (90d)	0.00	0.32

Relative strength over 90 days: ANT outperformed RAIL by 0.5% — measured on the ANT/RAIL ratio, so it holds regardless of market direction.

Aragon →Railgun →