Bitcoin (BTC) is 283964558.0× the size of S3NSE AI (S3NSE) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 160 shared trading days). S3NSE has been the more volatile of the two, at 130% annualised against BTC's 44%.
S3NSEBTC
0.49over 160 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 | S3NSE | BTC |
|---|---|---|
| Max drawdown (400d) | -87.7% | -53.0% |
| Risk-adjusted return (90d) | -0.45 | 0.63 |
| Best 30 days (past year) | — | +26.8% |
| Worst 30 days (past year) | — | -32.9% |
Relative strength over 90 days: BTC outperformed S3NSE by 54.0% — measured on the S3NSE/BTC ratio, so it holds regardless of market direction.