Machines-cash vs Nockchain

Nockchain (NOCK) is 945.3× the size of Machines-cash (MACHINES) by market capitalisation. Over the past 30 days, MACHINES is ahead by 55.6 percentage points (MACHINES -12.4% against NOCK -68.0%). Their daily returns move barely together (correlation 0.19 across 22 shared trading days). NOCK has been the more volatile of the two, at 276% annualised against MACHINES's 51%.

Correlation: 0.19
Size ratio: 1 : 945.3
Ahead over 30 days: MACHINES

Machines-cashMACHINES

$3.634e-7

24h: —
Market cap: $36,343
Volume 24h: —
Volatility (ann.): 51%

NockchainNOCK

$0.014474

24h: -6.86%
Market cap: $34.36M
Volume 24h: $616,419
Volatility (ann.): 276%

MACHINES 0.1%Share of the two combined market caps99.9% NOCK

Performance

MACHINESNOCK

7 days+5.33%-6.12%MACHINES
30 days-12.42%-68.04%MACHINES

Correlation

0.19over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	MACHINES	NOCK
Max drawdown (400d)	-22.5%	-74.8%
Risk-adjusted return (90d)	-0.24	0.03

Relative strength over 90 days: MACHINES outperformed NOCK by 34.5% — measured on the MACHINES/NOCK ratio, so it holds regardless of market direction.

Machines-cash →Nockchain →