FRED Energy vs NovaChargeX Coin

FRED Energy (FRED) and NovaChargeX Coin (NCX) compared side by side. Over the past 30 days, FRED is ahead by 9.7 percentage points (FRED +25.6% against NCX +15.9%). Their daily returns move loosely in opposite directions (correlation -0.36 across 20 shared trading days). FRED has been the more volatile of the two, at 154% annualised against NCX's 36%.

Correlation: -0.36
Ahead over 30 days: FRED

FRED EnergyFRED

$0.000102

24h: +0.36%
Market cap: —
Volume 24h: $17
Volatility (ann.): 154%

NovaChargeX CoinNCX

$0.400209

24h: +0.30%
Market cap: $48.03M
Volume 24h: $942,339
Volatility (ann.): 36%

FRED 0.0%Share of the two combined market caps100.0% NCX

Performance

FREDNCX

7 days-8.27%+0.42%NCX
30 days+25.59%+15.90%FRED

Correlation

-0.36over 20 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	FRED	NCX
Max drawdown (400d)	-18.4%	-1.8%
Risk-adjusted return (90d)	0.17	1.22

Relative strength over 90 days: FRED outperformed NCX by 18.6% — measured on the FRED/NCX ratio, so it holds regardless of market direction.

FRED Energy →NovaChargeX Coin →