HIVE vs OriginTrail

OriginTrail (TRAC) is 956.7× the size of HIVE (HIVE) by market capitalisation. Over the past 30 days, HIVE is ahead by 2.9 percentage points (HIVE +10.8% against TRAC +7.8%). Their daily returns move barely together (correlation 0.12 across 28 shared trading days). HIVE has been the more volatile of the two, at 287% annualised against TRAC's 104%.

Correlation: 0.12
Size ratio: 1 : 956.7
Ahead over 30 days: HIVE

HIVEHIVE

$1.630e-6

24h: +9.39%
Market cap: $163,484
Volume 24h: $173
Volatility (ann.): 287%

OriginTrailTRAC

$0.349672

24h: +3.81%
Market cap: $156.40M
Volume 24h: $3.66M
Volatility (ann.): 104%

HIVE 0.1%Share of the two combined market caps99.9% TRAC

Performance

HIVETRAC

7 days-11.59%-5.27%TRAC
30 days+10.75%+7.85%HIVE

Correlation

0.12over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	HIVE	TRAC
Max drawdown (400d)	-48.2%	-22.2%
Risk-adjusted return (90d)	0.14	0.33

Relative strength over 90 days: HIVE outperformed TRAC by 30.8% — measured on the HIVE/TRAC ratio, so it holds regardless of market direction.

HIVE →OriginTrail →