Karrat vs Railgun

Railgun (RAIL) is 60.2× the size of Karrat (KARRAT) by market capitalisation. Over the past 30 days, RAIL is ahead by 2.3 percentage points (KARRAT +1.6% against RAIL +3.8%). Their daily returns move barely together (correlation 0.30 across 31 shared trading days). KARRAT has been the more volatile of the two, at 228% annualised against RAIL's 167%.

Correlation: 0.30
Size ratio: 1 : 60.2
Ahead over 30 days: RAIL

KarratKARRAT

$0.002504

24h: +1.53%
Market cap: $2.20M
Volume 24h: $25,359
Volatility (ann.): 228%

RailgunRAIL

$2.2100

24h: +2.91%
Market cap: $132.69M
Volume 24h: $126,776
Volatility (ann.): 167%

KARRAT 1.6%Share of the two combined market caps98.4% RAIL

Performance

KARRATRAIL

7 days-8.63%-12.20%KARRAT
30 days+1.58%+3.85%RAIL

Correlation

0.30over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	KARRAT	RAIL
Max drawdown (400d)	-38.3%	-26.3%
Risk-adjusted return (90d)	-0.08	0.32

Relative strength over 90 days: RAIL outperformed KARRAT by 21.7% — measured on the KARRAT/RAIL ratio, so it holds regardless of market direction.

Karrat →Railgun →