NOVA vs OriginTrail

OriginTrail (TRAC) is 7.0× the size of NOVA (SN68) by market capitalisation. Over the past 30 days, SN68 is ahead by 17.2 percentage points (SN68 +21.9% against TRAC +4.7%). Their daily returns move very closely together (correlation 0.86 across 25 shared trading days). Both have run at a similar volatility, around 101% annualised.

Correlation: 0.86
Size ratio: 1 : 7.0
Ahead over 30 days: SN68

NOVASN68

$3.9200

24h: +0.98%
Market cap: $21.45M
Volume 24h: $397,366
Volatility (ann.): 97%

OriginTrailTRAC

$0.337500

24h: -0.07%
Market cap: $150.96M
Volume 24h: $1.32M
Volatility (ann.): 104%

SN68 12.4%Share of the two combined market caps87.6% TRAC

Performance

SN68TRAC

7 days-0.47%-7.03%SN68
30 days+21.88%+4.69%SN68

Correlation

0.86over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8690d: 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	SN68	TRAC
Max drawdown (400d)	-18.3%	-22.2%
Risk-adjusted return (90d)	0.16	0.29

Relative strength over 90 days: SN68 outperformed TRAC by 7.2% — measured on the SN68/TRAC ratio, so it holds regardless of market direction.

NOVA →OriginTrail →