Blockgram vs NKN

NKN (NKN) is 170.4× the size of Blockgram (GRAM) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 22 shared trading days). NKN has been the more volatile of the two, at 181% annualised against GRAM's 137%.

Correlation: -0.03
Size ratio: 1 : 170.4

BlockgramGRAM

$3.238e-5

24h: +4.07%
Market cap: $24,282
Volume 24h: $1
Volatility (ann.): 137%

NKNNKN

$0.007300

24h: +1.91%
Market cap: $4.14M
Volume 24h: $75,066
Volatility (ann.): 181%

GRAM 0.6%Share of the two combined market caps99.4% NKN

Performance

GRAMNKN

7 days-19.11%-5.47%NKN
30 days+58.72%+1.42%GRAM
90 days—-61.22%—

Correlation

-0.03over 22 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	GRAM	NKN
Max drawdown (400d)	-21.3%	-81.0%
Risk-adjusted return (90d)	0.43	-0.27

Relative strength over 90 days: GRAM outperformed NKN by 104.7% — measured on the GRAM/NKN ratio, so it holds regardless of market direction.

Blockgram →NKN →