BLACKCOIN vs Nockchain

Nockchain (NOCK) is 5.4× the size of BLACKCOIN (BLACKCOIN) by market capitalisation. Over the past 30 days, BLACKCOIN is ahead by 98.2 percentage points (BLACKCOIN +29.2% against NOCK -69.0%). Their daily returns move barely in opposite directions (correlation -0.06 across 34 shared trading days). NOCK has been the more volatile of the two, at 278% annualised against BLACKCOIN's 68%.

Correlation: -0.06
Size ratio: 1 : 5.4
Ahead over 30 days: BLACKCOIN

BLACKCOINBLACKCOIN

$0.006695

24h: -0.16%
Market cap: $6.70M
Volume 24h: $9,985
Volatility (ann.): 68%

NockchainNOCK

$0.015322

24h: +8.60%
Market cap: $36.37M
Volume 24h: $765,602
Volatility (ann.): 278%

BLACKCOIN 15.5%Share of the two combined market caps84.5% NOCK

Performance

BLACKCOINNOCK

7 days-1.86%-22.96%BLACKCOIN
30 days+29.23%-68.95%BLACKCOIN

Correlation

-0.06over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	BLACKCOIN	NOCK
Max drawdown (400d)	-6.5%	-74.8%
Risk-adjusted return (90d)	0.52	-0.01

Relative strength over 90 days: BLACKCOIN outperformed NOCK by 39.0% — measured on the BLACKCOIN/NOCK ratio, so it holds regardless of market direction.

BLACKCOIN →Nockchain →