OmegaX Health vs OriginTrail

OriginTrail (TRAC) is 8396.1× the size of OmegaX Health (OMEGAX) by market capitalisation. Over the past 30 days, TRAC is ahead by 33.9 percentage points (OMEGAX -32.6% against TRAC +1.4%). Their daily returns move barely together (correlation 0.17 across 23 shared trading days). Both have run at a similar volatility, around 110% annualised.

Correlation: 0.17
Size ratio: 1 : 8396.1
Ahead over 30 days: TRAC

OmegaX HealthOMEGAX

$1.787e-5

24h: -5.96%
Market cap: $17,872
Volume 24h: $5
Volatility (ann.): 117%

OriginTrailTRAC

$0.335495

24h: -3.83%
Market cap: $150.06M
Volume 24h: $3.38M
Volatility (ann.): 104%

OMEGAX 0.0%Share of the two combined market caps100.0% TRAC

Performance

OMEGAXTRAC

7 days-23.02%-8.44%TRAC
30 days-32.57%+1.37%TRAC

Correlation

0.17over 23 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	OMEGAX	TRAC
Max drawdown (400d)	-36.6%	-25.0%
Risk-adjusted return (90d)	-0.22	0.24

Relative strength over 90 days: OMEGAX outperformed TRAC by 4.1% — measured on the OMEGAX/TRAC ratio, so it holds regardless of market direction.

OmegaX Health →OriginTrail →