Islamic Coin vs OKB

OKB (OKB) is 159.6× the size of Islamic Coin (ISLM) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.16 across 35 shared trading days). ISLM has been the more volatile of the two, at 375% annualised against OKB's 53%.

Correlation: -0.16
Size ratio: 1 : 159.6

Islamic CoinISLM

$0.003796

24h: +0.02%
Market cap: $14.21M
Volume 24h: $3,856
Volatility (ann.): 375%

OKBOKB

$107.9300

24h: -1.34%
Market cap: $2.27B
Volume 24h: $22.04M
Volatility (ann.): 53%

ISLM 0.6%Share of the two combined market caps99.4% OKB

Performance

ISLMOKB

7 days-11.91%-0.94%OKB
30 days-19.52%-4.69%OKB
90 days-45.83%——
1 year-83.28%——

Correlation

-0.16over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2090d: 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	ISLM	OKB
Max drawdown (400d)	-94.5%	-12.2%
Risk-adjusted return (90d)	-0.62	0.06

Relative strength over 90 days: OKB outperformed ISLM by 29.5% — measured on the ISLM/OKB ratio, so it holds regardless of market direction.

Islamic Coin →OKB →