Nockchain (NOCK) is 2.4× the size of Epic Private Internet Cash (EPIC) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.17 across 49 shared trading days). NOCK has been the more volatile of the two, at 276% annualised against EPIC's 192%.
$0.097800
EPICNOCK
-0.17over 49 shared trading days
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.
| Metric | EPIC | NOCK |
|---|---|---|
| Max drawdown (400d) | -94.7% | -74.8% |
| Risk-adjusted return (90d) | -0.32 | 0.03 |
| Best 30 days (past year) | +276.0% | — |
| Worst 30 days (past year) | -80.5% | — |
Relative strength over 90 days: NOCK outperformed EPIC by 78.5% — measured on the EPIC/NOCK ratio, so it holds regardless of market direction.