gemxbt vs Venice Token

Venice Token (VVV) is 45981.8× the size of gemxbt (GEMXBT) by market capitalisation. Over the past 30 days, VVV is ahead by 22.1 percentage points (GEMXBT -28.4% against VVV -6.3%). Their daily returns move barely together (correlation 0.07 across 24 shared trading days). VVV has been the more volatile of the two, at 168% annualised against GEMXBT's 58%.

Correlation: 0.07
Size ratio: 1 : 45981.8
Ahead over 30 days: VVV

gemxbtGEMXBT

$2.314e-5

24h: -7.26%
Market cap: $21,980
Volume 24h: $52
Volatility (ann.): 58%

Venice TokenVVV

$20.6700

24h: -4.98%
Market cap: $1.01B
Volume 24h: $45.75M
Volatility (ann.): 168%

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

Performance

GEMXBTVVV

7 days-11.72%-7.00%VVV
30 days-28.42%-6.29%VVV

Correlation

0.07over 24 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	GEMXBT	VVV
Max drawdown (400d)	-29.3%	-31.1%
Risk-adjusted return (90d)	-0.48	0.45

Relative strength over 90 days: VVV outperformed GEMXBT by 13.7% — measured on the GEMXBT/VVV ratio, so it holds regardless of market direction.

gemxbt →Venice Token →