Protean vs OriginTrail

OriginTrail (TRAC) is 5502.4× the size of Protean (PRTN) by market capitalisation. Over the past 30 days, PRTN is ahead by 82.2 percentage points (PRTN +83.6% against TRAC +1.4%). Their daily returns move barely together (correlation 0.04 across 22 shared trading days). PRTN has been the more volatile of the two, at 415% annualised against TRAC's 104%.

Correlation: 0.04
Size ratio: 1 : 5502.4
Ahead over 30 days: PRTN

ProteanPRTN

$2.742e-7

24h: —
Market cap: $27,424
Volume 24h: —
Volatility (ann.): 415%

OriginTrailTRAC

$0.337374

24h: -3.78%
Market cap: $150.90M
Volume 24h: $3.36M
Volatility (ann.): 104%

PRTN 0.0%Share of the two combined market caps100.0% TRAC

Performance

PRTNTRAC

7 days+80.33%-8.44%PRTN
30 days+83.61%+1.37%PRTN

Correlation

0.04over 22 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	PRTN	TRAC
Max drawdown (400d)	-23.9%	-25.0%
Risk-adjusted return (90d)	0.19	0.24

Relative strength over 90 days: PRTN outperformed TRAC by 79.8% — measured on the PRTN/TRAC ratio, so it holds regardless of market direction.

Protean →OriginTrail →