Pod the Squire vs OriginTrail

OriginTrail (TRAC) is 230.8× the size of Pod the Squire (SQUIRE) by market capitalisation. Over the past 30 days, TRAC is ahead by 8.6 percentage points (SQUIRE -4.0% against TRAC +4.7%). Their daily returns move loosely together (correlation 0.57 across 29 shared trading days). SQUIRE has been the more volatile of the two, at 553% annualised against TRAC's 104%.

Correlation: 0.57
Size ratio: 1 : 230.8
Ahead over 30 days: TRAC

Pod the SquireSQUIRE

$0.000651

24h: +5.87%
Market cap: $651,094
Volume 24h: $33,064
Volatility (ann.): 553%

OriginTrailTRAC

$0.335982

24h: +1.76%
Market cap: $150.28M
Volume 24h: $1.79M
Volatility (ann.): 104%

SQUIRE 0.4%Share of the two combined market caps99.6% TRAC

Performance

SQUIRETRAC

7 days-16.72%-7.03%TRAC
30 days-3.95%+4.69%TRAC

Correlation

0.57over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	SQUIRE	TRAC
Max drawdown (400d)	-68.5%	-22.2%
Risk-adjusted return (90d)	-0.06	0.29

Relative strength over 90 days: TRAC outperformed SQUIRE by 34.7% — measured on the SQUIRE/TRAC ratio, so it holds regardless of market direction.

Pod the Squire →OriginTrail →