AxonDAO Governance Token vs OriginTrail

OriginTrail (TRAC) is 130.1× the size of AxonDAO Governance Token (AXGT) by market capitalisation. Over the past 30 days, TRAC is ahead by 85.1 percentage points (AXGT -80.5% against TRAC +4.7%). Their daily returns move barely in opposite directions (correlation -0.16 across 31 shared trading days). AXGT has been the more volatile of the two, at 279% annualised against TRAC's 104%.

Correlation: -0.16
Size ratio: 1 : 130.1
Ahead over 30 days: TRAC

AxonDAO Governance TokenAXGT

$0.005056

24h: -2.87%
Market cap: $1.20M
Volume 24h: $6,400
Volatility (ann.): 279%

OriginTrailTRAC

$0.349739

24h: +4.48%
Market cap: $156.42M
Volume 24h: $1.59M
Volatility (ann.): 104%

AXGT 0.8%Share of the two combined market caps99.2% TRAC

Performance

AXGTTRAC

7 days-10.11%-7.03%TRAC
30 days-80.46%+4.69%TRAC

Correlation

-0.16over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	AXGT	TRAC
Max drawdown (400d)	-83.7%	-22.2%
Risk-adjusted return (90d)	-0.21	0.29

Relative strength over 90 days: TRAC outperformed AXGT by 60.4% — measured on the AXGT/TRAC ratio, so it holds regardless of market direction.

AxonDAO Governance Token →OriginTrail →