Sandy Codex vs OriginTrail

OriginTrail (TRAC) is 8866.1× the size of Sandy Codex (SANDY) by market capitalisation. Over the past 30 days, TRAC is ahead by 29.9 percentage points (SANDY -22.1% against TRAC +7.8%). Their daily returns move barely together (correlation 0.05 across 23 shared trading days). Both have run at a similar volatility, around 100% annualised.

Correlation: 0.05
Size ratio: 1 : 8866.1
Ahead over 30 days: TRAC

Sandy CodexSANDY

$2.279e-5

24h: +4.58%
Market cap: $16,506
Volume 24h: $111
Volatility (ann.): 97%

OriginTrailTRAC

$0.327201

24h: -6.25%
Market cap: $146.35M
Volume 24h: $2.40M
Volatility (ann.): 104%

SANDY 0.0%Share of the two combined market caps100.0% TRAC

Performance

SANDYTRAC

7 days-8.62%-5.27%TRAC
30 days-22.10%+7.85%TRAC

Correlation

0.05over 23 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	SANDY	TRAC
Max drawdown (400d)	-24.7%	-22.2%
Risk-adjusted return (90d)	-0.18	0.33

Relative strength over 90 days: SANDY outperformed TRAC by 1.8% — measured on the SANDY/TRAC ratio, so it holds regardless of market direction.

Sandy Codex →OriginTrail →