Chancecoin vs Tether

Tether (USDT) is 16686029.3× the size of Chancecoin (CHANCE) by market capitalisation. Over the past 30 days, USDT is ahead by 36.0 percentage points (CHANCE -36.0% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.09 across 24 shared trading days). CHANCE has been the more volatile of the two, at 107% annualised against USDT's 1%.

Correlation: -0.09
Size ratio: 1 : 16686029.3
Ahead over 30 days: USDT

ChancecoinCHANCE

$1.064e-5

24h: +5.06%
Market cap: $10,639
Volume 24h: $13
Volatility (ann.): 107%

TetherUSDT

$0.999036

24h: -0.03%
Market cap: $177.53B
Volume 24h: $62.67B
Volatility (ann.): 1%

CHANCE 0.0%Share of the two combined market caps100.0% USDT

Performance

CHANCEUSDT

7 days-18.65%+0.03%USDT
30 days-36.04%-0.04%USDT

Correlation

-0.09over 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	CHANCE	USDT
Max drawdown (400d)	-41.4%	-0.2%
Risk-adjusted return (90d)	-0.28	0.03

Relative strength over 90 days: USDT outperformed CHANCE by 24.2% — measured on the CHANCE/USDT ratio, so it holds regardless of market direction.

Chancecoin →Tether →