Chainspin vs Rollbit Coin

Rollbit Coin (RLB) is 8310.7× the size of Chainspin (SPIN) by market capitalisation. Over the past 30 days, RLB is ahead by 4.6 percentage points (SPIN -11.3% against RLB -6.7%). Their daily returns move barely together (correlation 0.12 across 22 shared trading days). SPIN has been the more volatile of the two, at 63% annualised against RLB's 54%.

Correlation: 0.12
Size ratio: 1 : 8310.7
Ahead over 30 days: RLB

ChainspinSPIN

$2.024e-5

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

Rollbit CoinRLB

$0.072471

24h: -3.00%
Market cap: $111.78M
Volume 24h: $236,270
Volatility (ann.): 54%

SPIN 0.0%Share of the two combined market caps100.0% RLB

Performance

SPINRLB

7 days+5.63%+0.04%SPIN
30 days-11.29%-6.67%RLB

Correlation

0.12over 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	SPIN	RLB
Max drawdown (400d)	-24.6%	-17.6%
Risk-adjusted return (90d)	-0.28	0.00

Relative strength over 90 days: RLB outperformed SPIN by 5.6% — measured on the SPIN/RLB ratio, so it holds regardless of market direction.

Chainspin →Rollbit Coin →