Coinye West vs Toshi

Toshi (TOSHI) is 302.9× the size of Coinye West (COINYE) by market capitalisation. Over the past 30 days, COINYE is ahead by 2.7 percentage points (COINYE -10.4% against TOSHI -13.1%). Their daily returns move loosely together (correlation 0.45 across 21 shared trading days). TOSHI has been the more volatile of the two, at 83% annualised against COINYE's 55%.

Correlation: 0.45
Size ratio: 1 : 302.9
Ahead over 30 days: COINYE

Coinye WestCOINYE

$0.000157

24h: -7.08%
Market cap: $138,084
Volume 24h: $179
Volatility (ann.): 55%

ToshiTOSHI

$9.942e-5

24h: -5.86%
Market cap: $41.83M
Volume 24h: $3.22M
Volatility (ann.): 83%

COINYE 0.3%Share of the two combined market caps99.7% TOSHI

Performance

COINYETOSHI

7 days-6.80%-5.20%TOSHI
30 days-10.35%-13.09%COINYE

Correlation

0.45over 21 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	COINYE	TOSHI
Max drawdown (400d)	-13.1%	-25.5%
Risk-adjusted return (90d)	-0.23	-0.16

Relative strength over 90 days: TOSHI outperformed COINYE by 0.1% — measured on the COINYE/TOSHI ratio, so it holds regardless of market direction.

Coinye West →Toshi →