Kin vs Concordium

Concordium (CCD) is 15.9× the size of Kin (KIN) by market capitalisation. Over the past 30 days, KIN is ahead by 31.7 percentage points (KIN +2.7% against CCD -29.0%). Their daily returns move barely in opposite directions (correlation -0.25 across 33 shared trading days). KIN has been the more volatile of the two, at 578% annualised against CCD's 91%.

Correlation: -0.25
Size ratio: 1 : 15.9
Ahead over 30 days: KIN

KinKIN

$7.407e-7

24h: +1.59%
Market cap: $1.96M
Volume 24h: $398
Volatility (ann.): 578%

ConcordiumCCD

$0.002437

24h: -7.53%
Market cap: $31.13M
Volume 24h: $193,833
Volatility (ann.): 91%

KIN 5.9%Share of the two combined market caps94.1% CCD

Performance

KINCCD

7 days-40.73%-14.92%CCD
30 days+2.68%-29.00%KIN

Correlation

-0.25over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2690d: 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	KIN	CCD
Max drawdown (400d)	-68.6%	-36.5%
Risk-adjusted return (90d)	0.04	-0.27

Relative strength over 90 days: KIN outperformed CCD by 78.0% — measured on the KIN/CCD ratio, so it holds regardless of market direction.

Kin →Concordium →