NovaChargeX Coin vs Energy Web Token

NovaChargeX Coin (NCX) is 2.0× the size of Energy Web Token (EWT) by market capitalisation. Over the past 30 days, NCX is ahead by 9.9 percentage points (NCX +15.9% against EWT +6.1%). Their daily returns move loosely in opposite directions (correlation -0.39 across 39 shared trading days). EWT has been the more volatile of the two, at 97% annualised against NCX's 36%.

Correlation: -0.39
Size ratio: 2.0×
Ahead over 30 days: NCX

NovaChargeX CoinNCX

$0.398671

24h: -0.61%
Market cap: $47.80M
Volume 24h: $641,277
Volatility (ann.): 36%

Energy Web TokenEWT

$0.290396

24h: +2.24%
Market cap: $23.54M
Volume 24h: $217,680
Volatility (ann.): 97%

NCX 67.0%Share of the two combined market caps33.0% EWT

Performance

NCXEWT

7 days+0.42%-2.36%NCX
30 days+15.90%+6.05%NCX

Correlation

-0.39over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4690d: 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	NCX	EWT
Max drawdown (400d)	-1.8%	-21.1%
Risk-adjusted return (90d)	1.22	0.01

Relative strength over 90 days: NCX outperformed EWT by 34.0% — measured on the NCX/EWT ratio, so it holds regardless of market direction.

NovaChargeX Coin →Energy Web Token →