Presearch vs OriginTrail

OriginTrail (TRAC) is 490.8× the size of Presearch (PRE) by market capitalisation. Over the past 30 days, TRAC is ahead by 45.2 percentage points (PRE -37.4% against TRAC +7.8%). Their daily returns move barely in opposite directions (correlation -0.18 across 23 shared trading days). PRE has been the more volatile of the two, at 188% annualised against TRAC's 104%.

Correlation: -0.18
Size ratio: 1 : 490.8
Ahead over 30 days: TRAC

PresearchPRE

$0.000343

24h: -0.85%
Market cap: $319,718
Volume 24h: $26
Volatility (ann.): 188%

OriginTrailTRAC

$0.350874

24h: +4.13%
Market cap: $156.92M
Volume 24h: $3.70M
Volatility (ann.): 104%

PRE 0.2%Share of the two combined market caps99.8% TRAC

Performance

PRETRAC

7 days-7.27%-5.27%TRAC
30 days-37.37%+7.85%TRAC

Correlation

-0.18over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	PRE	TRAC
Max drawdown (400d)	-60.6%	-22.2%
Risk-adjusted return (90d)	-0.29	0.33

Relative strength over 90 days: TRAC outperformed PRE by 29.1% — measured on the PRE/TRAC ratio, so it holds regardless of market direction.

Presearch →OriginTrail →