CJournal vs Zora

Zora (ZORA) is 350.0× the size of CJournal (CJL) by market capitalisation. Over the past 30 days, ZORA is ahead by 46.0 percentage points (CJL -77.3% against ZORA -31.3%). Their daily returns move barely together (correlation 0.03 across 27 shared trading days). CJL has been the more volatile of the two, at 485% annualised against ZORA's 163%.

Correlation: 0.03
Size ratio: 1 : 350.0
Ahead over 30 days: ZORA

CJournalCJL

$0.000110

24h: -33.37%
Market cap: $71,682
Volume 24h: $4,077
Volatility (ann.): 485%

ZoraZORA

$0.005613

24h: +0.73%
Market cap: $25.09M
Volume 24h: $8.65M
Volatility (ann.): 163%

CJL 0.3%Share of the two combined market caps99.7% ZORA

Performance

CJLZORA

7 days-50.48%-14.49%ZORA
30 days-77.32%-31.34%ZORA

Correlation

0.03over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	CJL	ZORA
Max drawdown (400d)	-87.3%	-42.5%
Risk-adjusted return (90d)	-0.16	-0.08

Relative strength over 90 days: ZORA outperformed CJL by 79.3% — measured on the CJL/ZORA ratio, so it holds regardless of market direction.

CJournal →Zora →