Cosplay Token vs RaveDAO

RaveDAO (RAVE) is 103.5× the size of Cosplay Token (COT) by market capitalisation. Over the past 30 days, RAVE is ahead by 15.1 percentage points (COT -44.7% against RAVE -29.5%). Their daily returns move barely in opposite directions (correlation -0.04 across 26 shared trading days). COT has been the more volatile of the two, at 144% annualised against RAVE's 89%.

Correlation: -0.04
Size ratio: 1 : 103.5
Ahead over 30 days: RAVE

Cosplay TokenCOT

$0.000399

24h: +331.47%
Market cap: $366,477
Volume 24h: $1,513
Volatility (ann.): 144%

RaveDAORAVE

$0.140394

24h: +4.80%
Market cap: $37.93M
Volume 24h: $1.12M
Volatility (ann.): 89%

COT 1.0%Share of the two combined market caps99.0% RAVE

Performance

COTRAVE

7 days-43.31%-5.83%RAVE
30 days-44.68%-29.54%RAVE

Correlation

-0.04over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	COT	RAVE
Max drawdown (400d)	-45.0%	-56.3%
Risk-adjusted return (90d)	-0.31	-0.60

Relative strength over 90 days: COT outperformed RAVE by 3.0% — measured on the COT/RAVE ratio, so it holds regardless of market direction.

Cosplay Token →RaveDAO →