SAFEbit vs Cronos

Cronos (CRO) is 190.2× the size of SAFEbit (SAFE) by market capitalisation. Over the past 30 days, CRO is ahead by 46.3 percentage points (SAFE -60.5% against CRO -14.2%). Their daily returns move barely together (correlation 0.16 across 31 shared trading days). SAFE has been the more volatile of the two, at 259% annualised against CRO's 86%.

Correlation: 0.16
Size ratio: 1 : 190.2
Ahead over 30 days: CRO

SAFEbitSAFE

$0.019573

24h: -1.18%
Market cap: $13.95M
Volume 24h: $39,803
Volatility (ann.): 259%

CronosCRO

$0.052229

24h: +2.81%
Market cap: $2.65B
Volume 24h: $5.41M
Volatility (ann.): 86%

SAFE 0.5%Share of the two combined market caps99.5% CRO

Performance

SAFECRO

7 days-14.95%-6.67%CRO
30 days-60.52%-14.25%CRO

Correlation

0.16over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	SAFE	CRO
Max drawdown (400d)	-79.8%	-28.4%
Risk-adjusted return (90d)	-0.23	0.07

Relative strength over 90 days: CRO outperformed SAFE by 68.7% — measured on the SAFE/CRO ratio, so it holds regardless of market direction.

SAFEbit →Cronos →