Enjin Coin (ENJ) is 20.6× the size of CEEK Smart VR (CEEK) by market capitalisation. Over the past 1 year, ENJ is ahead by 28.4 percentage points (CEEK -66.0% against ENJ -37.6%). Their daily returns move barely together (correlation 0.29 across 363 shared trading days). ENJ has been the more volatile of the two, at 115% annualised against CEEK's 81%.
CEEKENJ
0.29over 363 shared trading days
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.
| Metric | CEEK | ENJ |
|---|---|---|
| Max drawdown (400d) | -75.0% | -73.9% |
| Risk-adjusted return (90d) | 0.31 | -0.06 |
| Best 30 days (past year) | — | +365.5% |
| Worst 30 days (past year) | — | -51.0% |
Relative strength over 90 days: CEEK outperformed ENJ by 24.2% — measured on the CEEK/ENJ ratio, so it holds regardless of market direction.