byte vs OriginTrail

OriginTrail (TRAC) is 6330.6× the size of byte (BYTE) by market capitalisation. Over the past 30 days, TRAC is ahead by 38.8 percentage points (BYTE -37.4% against TRAC +1.4%). Their daily returns move loosely together (correlation 0.49 across 24 shared trading days). BYTE has been the more volatile of the two, at 286% annualised against TRAC's 104%.

Correlation: 0.49
Size ratio: 1 : 6330.6
Ahead over 30 days: TRAC

byteBYTE

$2.336e-5

24h: -10.98%
Market cap: $23,343
Volume 24h: $282
Volatility (ann.): 286%

OriginTrailTRAC

$0.330391

24h: -5.71%
Market cap: $147.78M
Volume 24h: $3.20M
Volatility (ann.): 104%

BYTE 0.0%Share of the two combined market caps100.0% TRAC

Performance

BYTETRAC

7 days-8.99%-8.44%TRAC
30 days-37.39%+1.37%TRAC

Correlation

0.49over 24 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	BYTE	TRAC
Max drawdown (400d)	-51.4%	-25.0%
Risk-adjusted return (90d)	-0.12	0.24

Relative strength over 90 days: TRAC outperformed BYTE by 39.5% — measured on the BYTE/TRAC ratio, so it holds regardless of market direction.

byte →OriginTrail →