Chainspin vs Jackpotter

Jackpotter ($JPT) is 1737.9× the size of Chainspin (SPIN) by market capitalisation. Over the past 30 days, SPIN is ahead by 29.4 percentage points (SPIN -11.3% against $JPT -40.7%). Their daily returns move barely together (correlation 0.12 across 31 shared trading days). $JPT has been the more volatile of the two, at 89% annualised against SPIN's 63%.

Correlation: 0.12
Size ratio: 1 : 1737.9
Ahead over 30 days: SPIN

ChainspinSPIN

$2.024e-5

24h: —
Market cap: $13,450
Volume 24h: $20
Volatility (ann.): 63%

Jackpotter$JPT

$0.023390

24h: +0.25%
Market cap: $23.38M
Volume 24h: $19
Volatility (ann.): 89%

SPIN 0.1%Share of the two combined market caps99.9% $JPT

Performance

SPIN$JPT

7 days+5.63%+0.45%SPIN
30 days-11.29%-40.71%SPIN

Correlation

0.12over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	SPIN	$JPT
Max drawdown (400d)	-24.6%	-46.5%
Risk-adjusted return (90d)	-0.28	-0.47

Relative strength over 90 days: SPIN outperformed $JPT by 41.1% — measured on the SPIN/$JPT ratio, so it holds regardless of market direction.

Chainspin →Jackpotter →