NovaChargeX Coin vs SunContract

NovaChargeX Coin (NCX) is 17.9× the size of SunContract (SNC) by market capitalisation. Over the past 30 days, NCX is ahead by 21.0 percentage points (NCX +15.9% against SNC -5.1%). Their daily returns move loosely together (correlation 0.55 across 28 shared trading days). SNC has been the more volatile of the two, at 2017241% annualised against NCX's 36%.

Correlation: 0.55
Size ratio: 17.9×
Ahead over 30 days: NCX

NovaChargeX CoinNCX

$0.398671

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

SunContractSNC

$0.021709

24h: +0.04%
Market cap: $2.66M
Volume 24h: $22,147
Volatility (ann.): 2017241%

NCX 94.7%Share of the two combined market caps5.3% SNC

Performance

NCXSNC

7 days+0.42%-2.36%NCX
30 days+15.90%-5.07%NCX

Correlation

0.55over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5590d: 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	SNC
Max drawdown (400d)	-1.8%	-100.0%
Risk-adjusted return (90d)	1.22	0.00

Relative strength over 90 days: NCX outperformed SNC by 42.5% — measured on the NCX/SNC ratio, so it holds regardless of market direction.

NovaChargeX Coin →SunContract →