Scandic Coin vs Stable

Stable (STABLE) is 127.5× the size of Scandic Coin (SNC) by market capitalisation. Over the past 30 days, STABLE is ahead by 2.8 percentage points (SNC -4.1% against STABLE -1.4%). Their daily returns move barely together (correlation 0.27 across 22 shared trading days). STABLE has been the more volatile of the two, at 82% annualised against SNC's 11%.

Correlation: 0.27
Size ratio: 1 : 127.5
Ahead over 30 days: STABLE

Scandic CoinSNC

$0.033223

24h: —
Market cap: $4.15M
Volume 24h: $175
Volatility (ann.): 11%

StableSTABLE

$0.029397

24h: +8.30%
Market cap: $529.10M
Volume 24h: $7.72M
Volatility (ann.): 82%

SNC 0.8%Share of the two combined market caps99.2% STABLE

Performance

SNCSTABLE

7 days-1.78%+0.69%STABLE
30 days-4.12%-1.37%STABLE

Correlation

0.27over 22 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	SNC	STABLE
Max drawdown (400d)	-5.8%	-25.6%
Risk-adjusted return (90d)	-0.37	-0.10

Relative strength over 90 days: STABLE outperformed SNC by 12.5% — measured on the SNC/STABLE ratio, so it holds regardless of market direction.

Scandic Coin →Stable →