Parallel vs EUR CoinVertible

EUR CoinVertible (EURCV) is 73.5× the size of Parallel (PAR) by market capitalisation. Over the past 30 days, PAR is ahead by 0.2 percentage points (PAR -3.2% against EURCV -3.4%). Their daily returns move barely in opposite directions (correlation -0.14 across 31 shared trading days). PAR has been the more volatile of the two, at 37% annualised against EURCV's 7%.

Correlation: -0.14
Size ratio: 1 : 73.5
Ahead over 30 days: PAR

ParallelPAR

$1.1800

24h: -0.64%
Market cap: $2.65M
Volume 24h: $311
Volatility (ann.): 37%

EUR CoinVertibleEURCV

$1.1200

24h: +0.48%
Market cap: $195.01M
Volume 24h: $41.83M
Volatility (ann.): 7%

PAR 1.3%Share of the two combined market caps98.7% EURCV

Performance

PAREURCV

7 days+1.69%+0.90%PAR
30 days-3.23%-3.45%PAR

Correlation

-0.14over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	PAR	EURCV
Max drawdown (400d)	-7.9%	-5.1%
Risk-adjusted return (90d)	-0.11	-0.49

Relative strength over 90 days: EURCV outperformed PAR by 0.6% — measured on the PAR/EURCV ratio, so it holds regardless of market direction.

Parallel →EUR CoinVertible →