Kohenoor vs Velvet

Velvet (VELVET) is 21.7× the size of Kohenoor (KEN) by market capitalisation. Over the past 30 days, KEN is ahead by 29.1 percentage points (KEN -2.7% against VELVET -31.8%). Their daily returns move barely in opposite directions (correlation -0.00 across 37 shared trading days). VELVET has been the more volatile of the two, at 159% annualised against KEN's 59%.

Correlation: -0.00
Size ratio: 1 : 21.7
Ahead over 30 days: KEN

KohenoorKEN

$37.2600

24h: +0.03%
Market cap: $1.12M
Volume 24h: $96
Volatility (ann.): 59%

VelvetVELVET

$0.052187

24h: -1.19%
Market cap: $24.21M
Volume 24h: $3.07M
Volatility (ann.): 159%

KEN 4.4%Share of the two combined market caps95.6% VELVET

Performance

KENVELVET

7 days-0.64%-14.16%KEN
30 days-2.69%-31.80%KEN

Correlation

-0.00over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	KEN	VELVET
Max drawdown (400d)	-18.6%	-53.5%
Risk-adjusted return (90d)	-0.16	-0.29

Relative strength over 90 days: KEN outperformed VELVET by 59.8% — measured on the KEN/VELVET ratio, so it holds regardless of market direction.

Kohenoor →Velvet →