Convertible JPY Token vs JPY Coin

JPY Coin (JPYC) is 76.9× the size of Convertible JPY Token (CJPY) by market capitalisation. Over the past 30 days, CJPY is ahead by 0.5 percentage points (CJPY -2.0% against JPYC -2.5%). Their daily returns move barely together (correlation 0.19 across 31 shared trading days). JPYC has been the more volatile of the two, at 22% annualised against CJPY's 15%.

Correlation: 0.19
Size ratio: 1 : 76.9
Ahead over 30 days: CJPY

Convertible JPY TokenCJPY

$0.005022

24h: +0.34%
Market cap: $1.07M
Volume 24h: $1,694
Volatility (ann.): 15%

JPY CoinJPYC

$0.006332

24h: -0.13%
Market cap: $82.15M
Volume 24h: $457,035
Volatility (ann.): 22%

CJPY 1.3%Share of the two combined market caps98.7% JPYC

Performance

CJPYJPYC

7 days-0.84%-0.03%JPYC
30 days-1.97%-2.46%CJPY

Correlation

0.19over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	CJPY	JPYC
Max drawdown (400d)	-4.2%	-6.7%
Risk-adjusted return (90d)	-0.22	0.03

Relative strength over 90 days: JPYC outperformed CJPY by 4.6% — measured on the CJPY/JPYC ratio, so it holds regardless of market direction.

Convertible JPY Token →JPY Coin →