Newrails Euro vs EUR CoinVertible

EUR CoinVertible (EURCV) is 618.2× the size of Newrails Euro (EURW) by market capitalisation. Over the past 30 days, EURW is ahead by 0.0 percentage points (EURW -3.4% against EURCV -3.4%). Their daily returns move closely together (correlation 0.82 across 28 shared trading days). EURW has been the more volatile of the two, at 14% annualised against EURCV's 7%.

Correlation: 0.82
Size ratio: 1 : 618.2
Ahead over 30 days: EURW

Newrails EuroEURW

$1.1200

24h: +0.16%
Market cap: $315,095
Volume 24h: $4.13M
Volatility (ann.): 14%

EUR CoinVertibleEURCV

$1.1200

24h: -0.19%
Market cap: $194.78M
Volume 24h: $32.47M
Volatility (ann.): 7%

EURW 0.2%Share of the two combined market caps99.8% EURCV

Performance

EURWEURCV

7 days+0.90%+0.00%EURW
30 days-3.45%-3.45%EURW

Correlation

0.82over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8290d: 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	EURW	EURCV
Max drawdown (400d)	-5.2%	-5.1%
Risk-adjusted return (90d)	-0.24	-0.49

Relative strength over 90 days: EURW outperformed EURCV by 0.0% — measured on the EURW/EURCV ratio, so it holds regardless of market direction.

Newrails Euro →EUR CoinVertible →