RWAX vs Zebec Network

Zebec Network (ZBCN) is 5663.1× the size of RWAX (RWAX) by market capitalisation. Over the past 30 days, RWAX is ahead by 17.2 percentage points (RWAX +19.3% against ZBCN +2.1%). Their daily returns move barely together (correlation 0.01 across 24 shared trading days). RWAX has been the more volatile of the two, at 383% annualised against ZBCN's 105%.

Correlation: 0.01
Size ratio: 1 : 5663.1
Ahead over 30 days: RWAX

RWAXRWAX

$0.000974

24h: -7.16%
Market cap: $32,933
Volume 24h: $13
Volatility (ann.): 383%

Zebec NetworkZBCN

$0.001864

24h: -7.19%
Market cap: $186.50M
Volume 24h: $3.54M
Volatility (ann.): 105%

RWAX 0.0%Share of the two combined market caps100.0% ZBCN

Performance

RWAXZBCN

7 days+35.64%-9.02%RWAX
30 days+19.26%+2.05%RWAX

Correlation

0.01over 24 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	RWAX	ZBCN
Max drawdown (400d)	-39.8%	-20.8%
Risk-adjusted return (90d)	0.13	0.16

Relative strength over 90 days: RWAX outperformed ZBCN by 66.5% — measured on the RWAX/ZBCN ratio, so it holds regardless of market direction.

RWAX →Zebec Network →