OPEN Ticketing Ecosystem vs Zebec Network

Zebec Network (ZBCN) is 443.9× the size of OPEN Ticketing Ecosystem (OPN) by market capitalisation. Over the past 30 days, ZBCN is ahead by 54.3 percentage points (OPN -43.2% against ZBCN +11.1%). Their daily returns move barely in opposite directions (correlation -0.14 across 21 shared trading days). ZBCN has been the more volatile of the two, at 106% annualised against OPN's 87%.

Correlation: -0.14
Size ratio: 1 : 443.9
Ahead over 30 days: ZBCN

OPEN Ticketing EcosystemOPN

$1.993e-5

24h: +0.48%
Market cap: $456,963
Volume 24h: $12
Volatility (ann.): 87%

Zebec NetworkZBCN

$0.002029

24h: +1.61%
Market cap: $202.83M
Volume 24h: $8.65M
Volatility (ann.): 106%

OPN 0.2%Share of the two combined market caps99.8% ZBCN

Performance

OPNZBCN

7 days-8.94%-3.68%ZBCN
30 days-43.16%+11.12%ZBCN

Correlation

-0.14over 21 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	OPN	ZBCN
Max drawdown (400d)	-44.9%	-20.8%
Risk-adjusted return (90d)	-0.49	0.23

Relative strength over 90 days: ZBCN outperformed OPN by 29.8% — measured on the OPN/ZBCN ratio, so it holds regardless of market direction.

OPEN Ticketing Ecosystem →Zebec Network →