Robonomics Network [OLD] (XRT) and JasmyCoin (JASMY) compared side by side. Their daily returns move barely together (correlation 0.24 across 33 shared trading days). JASMY has been the more volatile of the two, at 89% annualised against XRT's 41%.
XRTJASMY
0.24over 33 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 | XRT | JASMY |
|---|---|---|
| Max drawdown (400d) | -21.5% | -73.8% |
| Risk-adjusted return (90d) | -0.52 | -0.09 |
| Best 30 days (past year) | — | +45.1% |
| Worst 30 days (past year) | — | -48.2% |
Relative strength over 90 days: XRT outperformed JASMY by 18.2% — measured on the XRT/JASMY ratio, so it holds regardless of market direction.