PolySwarm vs QANplatform

QANplatform (QANX) is 1.1× the size of PolySwarm (NCT) by market capitalisation. Over the past 30 days, QANX is ahead by 14.7 percentage points (NCT -32.1% against QANX -17.4%). Their daily returns move barely together (correlation 0.22 across 40 shared trading days). QANX has been the more volatile of the two, at 91% annualised against NCT's 75%.

Correlation: 0.22
Size ratio: 1 : 1.1
Ahead over 30 days: QANX

PolySwarmNCT

$0.007760

24h: -1.62%
Market cap: $14.63M
Volume 24h: $234,899
Volatility (ann.): 75%

QANplatformQANX

$0.009744

24h: -3.15%
Market cap: $16.57M
Volume 24h: $42,876
Volatility (ann.): 91%

NCT 46.9%Share of the two combined market caps53.1% QANX

Performance

NCTQANX

7 days-13.81%-2.12%QANX
30 days-32.08%-17.37%QANX

Correlation

0.22over 40 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	NCT	QANX
Max drawdown (400d)	-45.0%	-27.7%
Risk-adjusted return (90d)	-0.51	-0.24

Relative strength over 90 days: QANX outperformed NCT by 18.2% — measured on the NCT/QANX ratio, so it holds regardless of market direction.

PolySwarm →QANplatform →