RAXOL vs Venice Token

Venice Token (VVV) is 468.7× the size of RAXOL (RAXOL) by market capitalisation. Over the past 30 days, RAXOL is ahead by 87.2 percentage points (RAXOL +84.4% against VVV -2.8%). Their daily returns move barely together (correlation 0.22 across 32 shared trading days). RAXOL has been the more volatile of the two, at 470% annualised against VVV's 170%.

Correlation: 0.22
Size ratio: 1 : 468.7
Ahead over 30 days: RAXOL

RAXOLRAXOL

$0.002475

24h: +5.24%
Market cap: $2.47M
Volume 24h: $68,619
Volatility (ann.): 470%

Venice TokenVVV

$23.7700

24h: +6.58%
Market cap: $1.16B
Volume 24h: $45.55M
Volatility (ann.): 170%

RAXOL 0.2%Share of the two combined market caps99.8% VVV

Performance

RAXOLVVV

7 days-29.87%-12.69%VVV
30 days+84.43%-2.78%RAXOL

Correlation

0.22over 32 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	RAXOL	VVV
Max drawdown (400d)	-67.8%	-29.6%
Risk-adjusted return (90d)	0.10	0.54

Relative strength over 90 days: RAXOL outperformed VVV by 7.0% — measured on the RAXOL/VVV ratio, so it holds regardless of market direction.

RAXOL →Venice Token →