azit vs Zebec Network

Zebec Network (ZBCN) is 327.2× the size of azit (AZIT) by market capitalisation. Over the past 30 days, AZIT is ahead by 13.3 percentage points (AZIT +24.4% against ZBCN +11.1%). Their daily returns move barely together (correlation 0.05 across 21 shared trading days). AZIT has been the more volatile of the two, at 322% annualised against ZBCN's 106%.

Correlation: 0.05
Size ratio: 1 : 327.2
Ahead over 30 days: AZIT

azitAZIT

$0.001299

24h: -1.82%
Market cap: $604,403
Volume 24h: $296,042
Volatility (ann.): 322%

Zebec NetworkZBCN

$0.001967

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

AZIT 0.3%Share of the two combined market caps99.7% ZBCN

Performance

AZITZBCN

7 days+0.72%-3.68%AZIT
30 days+24.40%+11.12%AZIT

Correlation

0.05over 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	AZIT	ZBCN
Max drawdown (400d)	-43.2%	-20.8%
Risk-adjusted return (90d)	0.08	0.23

Relative strength over 90 days: AZIT outperformed ZBCN by 18.5% — measured on the AZIT/ZBCN ratio, so it holds regardless of market direction.

azit →Zebec Network →