Echelon Prime (PRIME) is 82.3× the size of Raini Studios Token (RST) by market capitalisation. Their daily returns move closely in opposite directions (correlation -0.83 across 21 shared trading days). RST has been the more volatile of the two, at 167% annualised against PRIME's 93%.
RSTPRIME
-0.83over 21 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 | RST | PRIME |
|---|---|---|
| Max drawdown (400d) | -95.1% | -38.2% |
| Risk-adjusted return (90d) | -0.24 | -0.34 |
Relative strength over 90 days: RST outperformed PRIME by 158.9% — measured on the RST/PRIME ratio, so it holds regardless of market direction.