Playnance vs Rollbit Coin

Rollbit Coin (RLB) is 5.5× the size of Playnance (GCOIN) by market capitalisation. Over the past 30 days, RLB is ahead by 32.8 percentage points (GCOIN -41.9% against RLB -9.1%). Their daily returns move barely together (correlation 0.09 across 36 shared trading days). GCOIN has been the more volatile of the two, at 177% annualised against RLB's 54%.

Correlation: 0.09
Size ratio: 1 : 5.5
Ahead over 30 days: RLB

PlaynanceGCOIN

$0.000839

24h: -7.37%
Market cap: $20.99M
Volume 24h: $2,302
Volatility (ann.): 177%

Rollbit CoinRLB

$0.074424

24h: +2.25%
Market cap: $114.84M
Volume 24h: $144,589
Volatility (ann.): 54%

GCOIN 15.5%Share of the two combined market caps84.5% RLB

Performance

GCOINRLB

7 days-22.26%-3.91%RLB
30 days-41.93%-9.13%RLB

Correlation

0.09over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	GCOIN	RLB
Max drawdown (400d)	-57.6%	-17.6%
Risk-adjusted return (90d)	-0.31	-0.05

Relative strength over 90 days: RLB outperformed GCOIN by 50.9% — measured on the GCOIN/RLB ratio, so it holds regardless of market direction.

Playnance →Rollbit Coin →