BlockChip vs Rollbit Coin

Rollbit Coin (RLB) is 368.4× the size of BlockChip (BCP) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 31 shared trading days). BCP has been the more volatile of the two, at 119% annualised against RLB's 54%.

Correlation: 0.10
Size ratio: 1 : 368.4

BlockChipBCP

$0.000315

24h: +4.39%
Market cap: $315,060
Volume 24h: $35
Volatility (ann.): 119%

Rollbit CoinRLB

$0.075251

24h: +1.94%
Market cap: $116.07M
Volume 24h: $108,297
Volatility (ann.): 54%

BCP 0.3%Share of the two combined market caps99.7% RLB

Performance

BCPRLB

7 days-7.16%+0.04%RLB
30 days-8.42%-6.67%RLB
90 days-40.30%——

Correlation

0.10over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	BCP	RLB
Max drawdown (400d)	-72.2%	-17.6%
Risk-adjusted return (90d)	-0.47	0.00

Relative strength over 90 days: RLB outperformed BCP by 30.5% — measured on the BCP/RLB ratio, so it holds regardless of market direction.

BlockChip →Rollbit Coin →