Celer Network vs Confidential Layer

Celer Network (CELR) is 40.8× the size of Confidential Layer (CLONE) by market capitalisation. Over the past 1 year, CELR is ahead by 12.3 percentage points (CELR -51.3% against CLONE -63.6%). Their daily returns move barely in opposite directions (correlation -0.09 across 303 shared trading days). CLONE has been the more volatile of the two, at 113% annualised against CELR's 90%.

Correlation: -0.09
Size ratio: 40.8×
Ahead over 1 year: CELR

Celer NetworkCELR

$0.002442

24h: -10.82%
Market cap: $28.18M
Volume 24h: $193,137
Volatility (ann.): 90%

Confidential LayerCLONE

$0.006114

24h: -0.34%
Market cap: $691,399
Volume 24h: $69,270
Volatility (ann.): 113%

CELR 97.6%Share of the two combined market caps2.4% CLONE

Performance

CELRCLONE

7 days-1.43%-8.51%CELR
30 days-21.70%+40.99%CLONE
90 days+43.26%+26.48%CELR
1 year-51.29%-63.62%CELR

Correlation

-0.09over 303 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4390d: -0.261y: -0.09

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	CELR	CLONE
Max drawdown (400d)	-81.7%	-87.6%
Risk-adjusted return (90d)	0.37	0.18
Best 30 days (past year)	+59.5%	—
Worst 30 days (past year)	-48.1%	—

Relative strength over 90 days: CELR outperformed CLONE by 3.8% — measured on the CELR/CLONE ratio, so it holds regardless of market direction.

Celer Network →Confidential Layer →