Notcoin (NOT) is 446.6× the size of COFFEE (COFE) by market capitalisation. Their daily returns move closely together (correlation 0.66 across 93 shared trading days). COFE has been the more volatile of the two, at 144% annualised against NOT's 104%.
COFENOT
0.66over 93 shared trading days
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.
| Metric | COFE | NOT |
|---|---|---|
| Max drawdown (400d) | -80.6% | -80.0% |
| Risk-adjusted return (90d) | -0.55 | 0.01 |
| Best 30 days (past year) | — | +93.4% |
| Worst 30 days (past year) | — | -46.3% |
Relative strength over 90 days: NOT outperformed COFE by 48.5% — measured on the COFE/NOT ratio, so it holds regardless of market direction.