Chrema Coin vs Backpack

Backpack (BP) is 55.8× the size of Chrema Coin (CRMC) by market capitalisation. Over the past 30 days, BP is ahead by 86.7 percentage points (CRMC -20.2% against BP +66.5%). Their daily returns move barely together (correlation 0.03 across 23 shared trading days). BP has been the more volatile of the two, at 504% annualised against CRMC's 115%.

Correlation: 0.03
Size ratio: 1 : 55.8
Ahead over 30 days: BP

Chrema CoinCRMC

$0.134111

24h: -2.80%
Market cap: $4.39M
Volume 24h: $183
Volatility (ann.): 115%

BackpackBP

$0.979536

24h: +10.94%
Market cap: $244.88M
Volume 24h: $5.89M
Volatility (ann.): 504%

CRMC 1.8%Share of the two combined market caps98.2% BP

Performance

CRMCBP

7 days+8.27%-5.55%CRMC
30 days-20.22%+66.51%BP

Correlation

0.03over 23 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	CRMC	BP
Max drawdown (400d)	-34.8%	-35.1%
Risk-adjusted return (90d)	-0.18	0.27

Relative strength over 90 days: BP outperformed CRMC by 73.9% — measured on the CRMC/BP ratio, so it holds regardless of market direction.

Chrema Coin →Backpack →