Paycoin (PCI) is 20.1× the size of Pre-SP (PSP) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 24 shared trading days). PSP has been the more volatile of the two, at 321% annualised against PCI's 35%.
PSPPCI
0.24over 24 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 | PSP | PCI |
|---|---|---|
| Max drawdown (400d) | -99.5% | -10.6% |
| Risk-adjusted return (90d) | -0.34 | -0.19 |
Relative strength over 90 days: PSP outperformed PCI by 130.7% — measured on the PSP/PCI ratio, so it holds regardless of market direction.