IP Tokens of IPNFT #129 vs OriginTrail

OriginTrail (TRAC) is 1477.4× the size of IP Tokens of IPNFT #129 (CLAW) by market capitalisation. Over the past 30 days, TRAC is ahead by 30.7 percentage points (CLAW -29.3% against TRAC +1.4%). Their daily returns move barely together (correlation 0.31 across 24 shared trading days). TRAC has been the more volatile of the two, at 104% annualised against CLAW's 58%.

Correlation: 0.31
Size ratio: 1 : 1477.4
Ahead over 30 days: TRAC

IP Tokens of IPNFT #129CLAW

$0.092461

24h: +6.81%
Market cap: $101,710
Volume 24h: $149
Volatility (ann.): 58%

OriginTrailTRAC

$0.335871

24h: -2.84%
Market cap: $150.26M
Volume 24h: $3.21M
Volatility (ann.): 104%

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

Performance

CLAWTRAC

7 days-12.37%-8.44%TRAC
30 days-29.34%+1.37%TRAC

Correlation

0.31over 24 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	CLAW	TRAC
Max drawdown (400d)	-30.2%	-25.0%
Risk-adjusted return (90d)	-0.49	0.24

Relative strength over 90 days: TRAC outperformed CLAW by 4.4% — measured on the CLAW/TRAC ratio, so it holds regardless of market direction.

IP Tokens of IPNFT #129 →OriginTrail →