OpenVPP [Old] vs Zebec Network

Zebec Network (ZBCN) is 24578.9× the size of OpenVPP [Old] (OVPP) by market capitalisation. Over the past 30 days, ZBCN is ahead by 66.2 percentage points (OVPP -64.1% against ZBCN +2.1%). Their daily returns move barely in opposite directions (correlation -0.04 across 21 shared trading days). OVPP has been the more volatile of the two, at 1809% annualised against ZBCN's 105%.

Correlation: -0.04
Size ratio: 1 : 24578.9
Ahead over 30 days: ZBCN

OpenVPP [Old]OVPP

$7.650e-6

24h: +0.01%
Market cap: $7,623
Volume 24h: $78
Volatility (ann.): 1809%

Zebec NetworkZBCN

$0.001874

24h: -5.99%
Market cap: $187.37M
Volume 24h: $8.26M
Volatility (ann.): 105%

OVPP 0.0%Share of the two combined market caps100.0% ZBCN

Performance

OVPPZBCN

7 days-48.68%-9.02%ZBCN
30 days-64.13%+2.05%ZBCN

Correlation

-0.04over 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	OVPP	ZBCN
Max drawdown (400d)	-91.1%	-20.8%
Risk-adjusted return (90d)	-0.04	0.16

Relative strength over 90 days: ZBCN outperformed OVPP by 56.5% — measured on the OVPP/ZBCN ratio, so it holds regardless of market direction.

OpenVPP [Old] →Zebec Network →