Paycoin (PCI) is 14.3× the size of Nomu (NOMU) by market capitalisation. Over the past 30 days, PCI is ahead by 24.1 percentage points (PCI -3.0% against NOMU -27.0%). Their daily returns move barely together (correlation 0.23 across 36 shared trading days). NOMU has been the more volatile of the two, at 118% annualised against PCI's 35%.
PCINOMU
0.23over 36 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 | PCI | NOMU |
|---|---|---|
| Max drawdown (400d) | -10.3% | -39.2% |
| Risk-adjusted return (90d) | -0.18 | -0.09 |
Relative strength over 90 days: PCI outperformed NOMU by 2.6% — measured on the PCI/NOMU ratio, so it holds regardless of market direction.