Green vs Energy Web Token

Energy Web Token (EWT) is 18.9× the size of Green (GREEN) by market capitalisation. Over the past 30 days, EWT is ahead by 71.8 percentage points (GREEN -59.9% against EWT +12.0%). Their daily returns move barely in opposite directions (correlation -0.11 across 30 shared trading days). GREEN has been the more volatile of the two, at 177% annualised against EWT's 96%.

Correlation: -0.11
Size ratio: 1 : 18.9
Ahead over 30 days: EWT

GreenGREEN

$2.488e-5

24h: +0.39%
Market cap: $1.24M
Volume 24h: $1,045
Volatility (ann.): 177%

Energy Web TokenEWT

$0.290396

24h: +2.24%
Market cap: $23.54M
Volume 24h: $217,680
Volatility (ann.): 96%

GREEN 5.0%Share of the two combined market caps95.0% EWT

Performance

GREENEWT

7 days+0.98%-5.12%GREEN
30 days-59.86%+11.96%EWT

Correlation

-0.11over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1190d: 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	GREEN	EWT
Max drawdown (400d)	-65.4%	-21.1%
Risk-adjusted return (90d)	-0.34	0.00

Relative strength over 90 days: EWT outperformed GREEN by 70.4% — measured on the GREEN/EWT ratio, so it holds regardless of market direction.

Green →Energy Web Token →