Degenerate SQuiD vs OriginTrail

OriginTrail (TRAC) is 2945.8× the size of Degenerate SQuiD (SQDGN) by market capitalisation. Over the past 30 days, TRAC is ahead by 37.6 percentage points (SQDGN -29.7% against TRAC +7.8%). Their daily returns move barely together (correlation 0.33 across 23 shared trading days). TRAC has been the more volatile of the two, at 104% annualised against SQDGN's 74%.

Correlation: 0.33
Size ratio: 1 : 2945.8
Ahead over 30 days: TRAC

Degenerate SQuiDSQDGN

$5.110e-5

24h: +5.40%
Market cap: $51,098
Volume 24h: $60
Volatility (ann.): 74%

OriginTrailTRAC

$0.336535

24h: -3.29%
Market cap: $150.52M
Volume 24h: $3.85M
Volatility (ann.): 104%

SQDGN 0.0%Share of the two combined market caps100.0% TRAC

Performance

SQDGNTRAC

7 days-4.21%-5.27%SQDGN
30 days-29.74%+7.85%TRAC

Correlation

0.33over 23 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	SQDGN	TRAC
Max drawdown (400d)	-36.0%	-22.2%
Risk-adjusted return (90d)	-0.34	0.33

Relative strength over 90 days: TRAC outperformed SQDGN by 2.0% — measured on the SQDGN/TRAC ratio, so it holds regardless of market direction.

Degenerate SQuiD →OriginTrail →