Scandic Coin vs Zebec Network

Zebec Network (ZBCN) is 47.5× the size of Scandic Coin (SNC) by market capitalisation. Over the past 30 days, ZBCN is ahead by 15.2 percentage points (SNC -4.1% against ZBCN +11.1%). Their daily returns move closely in opposite directions (correlation -0.74 across 23 shared trading days). ZBCN has been the more volatile of the two, at 106% annualised against SNC's 11%.

Correlation: -0.74
Size ratio: 1 : 47.5
Ahead over 30 days: ZBCN

Scandic CoinSNC

$0.033223

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

Zebec NetworkZBCN

$0.001972

24h: -1.89%
Market cap: $197.24M
Volume 24h: $8.25M
Volatility (ann.): 106%

SNC 2.1%Share of the two combined market caps97.9% ZBCN

Performance

SNCZBCN

7 days-1.78%-3.68%SNC
30 days-4.12%+11.12%ZBCN

Correlation

-0.74over 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	SNC	ZBCN
Max drawdown (400d)	-5.8%	-20.8%
Risk-adjusted return (90d)	-0.37	0.23

Relative strength over 90 days: ZBCN outperformed SNC by 9.4% — measured on the SNC/ZBCN ratio, so it holds regardless of market direction.

Scandic Coin →Zebec Network →