Covenant vs Venice Token

Venice Token (VVV) is 143953.0× the size of Covenant (CVNT) by market capitalisation. Over the past 30 days, VVV is ahead by 78.9 percentage points (CVNT -85.2% against VVV -6.3%). Their daily returns move barely in opposite directions (correlation -0.01 across 25 shared trading days). CVNT has been the more volatile of the two, at 512% annualised against VVV's 168%.

Correlation: -0.01
Size ratio: 1 : 143953.0
Ahead over 30 days: VVV

CovenantCVNT

$7.960e-6

24h: +14.11%
Market cap: $7,130
Volume 24h: $182
Volatility (ann.): 512%

Venice TokenVVV

$20.9800

24h: -0.62%
Market cap: $1.03B
Volume 24h: $46.61M
Volatility (ann.): 168%

CVNT 0.0%Share of the two combined market caps100.0% VVV

Performance

CVNTVVV

7 days-3.87%-7.00%CVNT
30 days-85.21%-6.29%VVV

Correlation

-0.01over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	CVNT	VVV
Max drawdown (400d)	-94.8%	-31.1%
Risk-adjusted return (90d)	-0.17	0.45

Relative strength over 90 days: VVV outperformed CVNT by 77.7% — measured on the CVNT/VVV ratio, so it holds regardless of market direction.

Covenant →Venice Token →