Satu Wallet Token vs Backpack

Backpack (BP) is 44596.5× the size of Satu Wallet Token (SATU) by market capitalisation. Over the past 30 days, BP is ahead by 194.9 percentage points (SATU -91.4% against BP +103.4%). Their daily returns move barely together (correlation 0.21 across 23 shared trading days). BP has been the more volatile of the two, at 499% annualised against SATU's 262%.

Correlation: 0.21
Size ratio: 1 : 44596.5
Ahead over 30 days: BP

Satu Wallet TokenSATU

$5.350e-6

24h: +4.17%
Market cap: $5,208
Volume 24h: $4
Volatility (ann.): 262%

BackpackBP

$0.929073

24h: -5.40%
Market cap: $232.27M
Volume 24h: $5.70M
Volatility (ann.): 499%

SATU 0.0%Share of the two combined market caps100.0% BP

Performance

SATUBP

7 days-11.18%-0.69%BP
30 days-91.42%+103.44%BP

Correlation

0.21over 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	SATU	BP
Max drawdown (400d)	-91.8%	-35.1%
Risk-adjusted return (90d)	-0.35	0.32

Relative strength over 90 days: BP outperformed SATU by 85.9% — measured on the SATU/BP ratio, so it holds regardless of market direction.

Satu Wallet Token →Backpack →