Tether (USDT) is 4164.1× the size of NovaChargeX Coin (NCX) by market capitalisation. Over the past 30 days, NCX is ahead by 32.6 percentage points (NCX +32.7% against USDT +0.0%). Their daily returns move loosely together (correlation 0.59 across 26 shared trading days). NCX has been the more volatile of the two, at 43% annualised against USDT's 0%.
| Period | NCX | USDT | Ahead |
|---|---|---|---|
| 7 days | +6.50% | -0.01% | NCX |
| 30 days | +32.69% | +0.05% | NCX |
| Metric | NCX | USDT |
|---|---|---|
| Max drawdown (400d) | -1.6% | -0.0% |
| Risk-adjusted return (90d) | 0.77 | 0.19 |
Relative strength over 90 days: NCX outperformed USDT by 24.6% — measured on the NCX/USDT ratio, so it holds regardless of market direction.
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.