Permacast vs Venice Token

Venice Token (VVV) is 2126.7× the size of Permacast (PWT) by market capitalisation. Over the past 30 days, VVV is ahead by 50.5 percentage points (PWT -53.3% against VVV -2.8%). Their daily returns move barely together (correlation 0.07 across 25 shared trading days). PWT has been the more volatile of the two, at 298% annualised against VVV's 170%.

Correlation: 0.07
Size ratio: 1 : 2126.7
Ahead over 30 days: VVV

PermacastPWT

$0.162356

24h: -23.50%
Market cap: $552,044
Volume 24h: $1.94M
Volatility (ann.): 298%

Venice TokenVVV

$24.0600

24h: +16.70%
Market cap: $1.17B
Volume 24h: $42.54M
Volatility (ann.): 170%

PWT 0.0%Share of the two combined market caps100.0% VVV

Performance

PWTVVV

7 days-53.16%-12.69%VVV
30 days-53.25%-2.78%VVV

Correlation

0.07over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	PWT	VVV
Max drawdown (400d)	-72.3%	-29.6%
Risk-adjusted return (90d)	-0.17	0.54

Relative strength over 90 days: VVV outperformed PWT by 62.3% — measured on the PWT/VVV ratio, so it holds regardless of market direction.

Permacast →Venice Token →