ScPrime vs BitTorrent

BitTorrent (BTT) is 507.6× the size of ScPrime (SCP) by market capitalisation. Over the past 30 days, BTT is ahead by 32.6 percentage points (SCP -21.7% against BTT +11.0%). Their daily returns move closely in opposite directions (correlation -0.61 across 26 shared trading days). SCP has been the more volatile of the two, at 115% annualised against BTT's 50%.

Correlation: -0.61
Size ratio: 1 : 507.6
Ahead over 30 days: BTT

ScPrimeSCP

$0.014809

24h: -1.41%
Market cap: $697,908
Volume 24h: $263
Volatility (ann.): 115%

BitTorrentBTT

$3.669e-7

24h: +1.67%
Market cap: $354.26M
Volume 24h: $26.12M
Volatility (ann.): 50%

SCP 0.2%Share of the two combined market caps99.8% BTT

Performance

SCPBTT

7 days+2.60%+0.84%SCP
30 days-21.66%+10.95%BTT

Correlation

-0.61over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.6190d: 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	SCP	BTT
Max drawdown (400d)	-30.1%	-8.3%
Risk-adjusted return (90d)	-0.07	0.81

Relative strength over 90 days: BTT outperformed SCP by 26.7% — measured on the SCP/BTT ratio, so it holds regardless of market direction.

ScPrime →BitTorrent →