Iagon vs BitTorrent

BitTorrent (BTT) is 38.2× the size of Iagon (IAG) by market capitalisation. Their daily returns move loosely together (correlation 0.53 across 35 shared trading days). IAG has been the more volatile of the two, at 115% annualised against BTT's 50%.

Correlation: 0.53
Size ratio: 1 : 38.2

IagonIAG

$0.018474

24h: +7.31%
Market cap: $9.20M
Volume 24h: $134,501
Volatility (ann.): 115%

BitTorrentBTT

$3.642e-7

24h: -0.46%
Market cap: $351.60M
Volume 24h: $22.91M
Volatility (ann.): 50%

IAG 2.6%Share of the two combined market caps97.4% BTT

Performance

IAGBTT

7 days-5.48%-0.23%BTT
30 days-4.16%+10.39%BTT
90 days+5.79%——
1 year-82.85%——

Correlation

0.53over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5390d: 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	IAG	BTT
Max drawdown (400d)	-87.8%	-8.3%
Risk-adjusted return (90d)	0.08	0.80

Relative strength over 90 days: BTT outperformed IAG by 26.4% — measured on the IAG/BTT ratio, so it holds regardless of market direction.

Iagon →BitTorrent →