Bitcoin (BTC) is 42932433.6× the size of JUICY (JUICY) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.17 across 24 shared trading days). JUICY has been the more volatile of the two, at 782% annualised against BTC's 44%.
JUICYBTC
-0.17over 24 shared trading days
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.
| Metric | JUICY | BTC |
|---|---|---|
| Max drawdown (400d) | -38.5% | -53.0% |
| Risk-adjusted return (90d) | 0.24 | 0.63 |
| Best 30 days (past year) | — | +26.8% |
| Worst 30 days (past year) | — | -32.9% |
Relative strength over 90 days: JUICY outperformed BTC by 202.8% — measured on the JUICY/BTC ratio, so it holds regardless of market direction.