IBS vs Zebec Network

Zebec Network (ZBCN) is 72.2× the size of IBS (IBS) by market capitalisation. Over the past 30 days, ZBCN is ahead by 11.3 percentage points (IBS -0.2% against ZBCN +11.1%). Their daily returns move closely together (correlation 0.61 across 22 shared trading days). ZBCN has been the more volatile of the two, at 106% annualised against IBS's 6%.

Correlation: 0.61
Size ratio: 1 : 72.2
Ahead over 30 days: ZBCN

IBSIBS

$0.000684

24h: -0.28%
Market cap: $2.75M
Volume 24h: $55,927
Volatility (ann.): 6%

Zebec NetworkZBCN

$0.001990

24h: +0.75%
Market cap: $198.88M
Volume 24h: $8.68M
Volatility (ann.): 106%

IBS 1.4%Share of the two combined market caps98.6% ZBCN

Performance

IBSZBCN

7 days-1.47%-3.68%IBS
30 days-0.16%+11.12%ZBCN

Correlation

0.61over 22 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	IBS	ZBCN
Max drawdown (400d)	-2.1%	-20.8%
Risk-adjusted return (90d)	-0.03	0.23

Relative strength over 90 days: ZBCN outperformed IBS by 9.0% — measured on the IBS/ZBCN ratio, so it holds regardless of market direction.

IBS →Zebec Network →