Clawvatar vs Concordium

Concordium (CCD) is 1316.2× the size of Clawvatar (CLAWVATAR) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 23 shared trading days). CLAWVATAR has been the more volatile of the two, at 518% annualised against CCD's 112%.

Correlation: 0.36
Size ratio: 1 : 1316.2

ClawvatarCLAWVATAR

$3.043e-7

24h: -7.77%
Market cap: $30,434
Volume 24h: $2
Volatility (ann.): 518%

ConcordiumCCD

$0.003135

24h: +29.13%
Market cap: $40.06M
Volume 24h: $882,671
Volatility (ann.): 112%

CLAWVATAR 0.1%Share of the two combined market caps99.9% CCD

Performance

CLAWVATARCCD

7 days-11.29%-0.66%CCD
30 days+10.13%-10.59%CLAWVATAR
90 days+32.75%——

Correlation

0.36over 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	CLAWVATAR	CCD
Max drawdown (400d)	-82.5%	-41.3%
Risk-adjusted return (90d)	0.06	-0.12

Relative strength over 90 days: CLAWVATAR outperformed CCD by 8.3% — measured on the CLAWVATAR/CCD ratio, so it holds regardless of market direction.

Clawvatar →Concordium →