Non-Playable Coin (NPC) is 6030.0× the size of Oracle (ORCL) by market capitalisation. Their daily returns move loosely together (correlation 0.56 across 29 shared trading days). NPC has been the more volatile of the two, at 165% annualised against ORCL's 76%.
ORCLNPC
0.56over 29 shared trading days
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.
| Metric | ORCL | NPC |
|---|---|---|
| Max drawdown (400d) | -58.0% | -34.4% |
| Risk-adjusted return (90d) | -0.06 | 1.20 |
Relative strength over 90 days: NPC outperformed ORCL by 70.5% — measured on the ORCL/NPC ratio, so it holds regardless of market direction.