Ninja Protocol vs AINFT

AINFT (NFT) is 22960.9× the size of Ninja Protocol (NINJA) by market capitalisation. Over the past 30 days, NFT is ahead by 15.5 percentage points (NINJA -16.9% against NFT -1.3%). Their daily returns move barely in opposite directions (correlation -0.29 across 22 shared trading days). Both have run at a similar volatility, around 38% annualised.

Correlation: -0.29
Size ratio: 1 : 22960.9
Ahead over 30 days: NFT

Ninja ProtocolNINJA

$0.000486

24h: +3.35%
Market cap: $9,721
Volume 24h: $81
Volatility (ann.): 39%

AINFTNFT

$2.254e-7

24h: -0.44%
Market cap: $223.21M
Volume 24h: $20.76M
Volatility (ann.): 36%

NINJA 0.0%Share of the two combined market caps100.0% NFT

Performance

NINJANFT

7 days-5.92%-3.23%NFT
30 days-16.87%-1.32%NFT

Correlation

-0.29over 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	NINJA	NFT
Max drawdown (400d)	-19.5%	-18.9%
Risk-adjusted return (90d)	-0.42	-0.53

Relative strength over 90 days: NFT outperformed NINJA by 4.0% — measured on the NINJA/NFT ratio, so it holds regardless of market direction.

Ninja Protocol →AINFT →