Guru Network vs Concordium

Concordium (CCD) is 834.7× the size of Guru Network (GURU) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.40 across 32 shared trading days). GURU has been the more volatile of the two, at 152718% annualised against CCD's 112%.

Correlation: -0.40
Size ratio: 1 : 834.7

Guru NetworkGURU

$8.960e-5

24h: —
Market cap: $48,960
Volume 24h: $81
Volatility (ann.): 152718%

ConcordiumCCD

$0.003200

24h: +31.95%
Market cap: $40.87M
Volume 24h: $931,577
Volatility (ann.): 112%

GURU 0.1%Share of the two combined market caps99.9% CCD

Performance

GURUCCD

7 days-0.96%-0.66%CCD
30 days-19.52%-10.59%CCD
90 days-36.29%——

Correlation

-0.40over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4090d: 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	GURU	CCD
Max drawdown (400d)	-100.0%	-41.3%
Risk-adjusted return (90d)	0.00	-0.12

Relative strength over 90 days: CCD outperformed GURU by 5.2% — measured on the GURU/CCD ratio, so it holds regardless of market direction.

Guru Network →Concordium →