Ringfence vs TAGGER

TAGGER (TAG) is 107633.2× the size of Ringfence (RING) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 35 shared trading days). RING has been the more volatile of the two, at 240% annualised against TAG's 204%.

Correlation: 0.32
Size ratio: 1 : 107633.2

RingfenceRING

$1.487e-5

24h: —
Market cap: $764
Volume 24h: —
Volatility (ann.): 240%

TAGGERTAG

$0.000755

24h: +1.73%
Market cap: $82.18M
Volume 24h: $2.39M
Volatility (ann.): 204%

RING 0.0%Share of the two combined market caps100.0% TAG

Performance

RINGTAG

7 days-8.56%-9.01%RING
30 days-14.50%+13.32%TAG
90 days-13.83%——

Correlation

0.32over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	RING	TAG
Max drawdown (400d)	-88.6%	-52.8%
Risk-adjusted return (90d)	-0.07	-0.11

Relative strength over 90 days: RING outperformed TAG by 25.0% — measured on the RING/TAG ratio, so it holds regardless of market direction.

Ringfence →TAGGER →