Slinky Layer vs Concordium

Concordium (CCD) is 33.1× the size of Slinky Layer (SLINKY) by market capitalisation. Over the past 30 days, SLINKY is ahead by 16.7 percentage points (SLINKY -12.3% against CCD -29.0%). Their daily returns move loosely in opposite directions (correlation -0.53 across 26 shared trading days). CCD has been the more volatile of the two, at 91% annualised against SLINKY's 33%.

Correlation: -0.53
Size ratio: 1 : 33.1
Ahead over 30 days: SLINKY

Slinky LayerSLINKY

$0.005866

24h: —
Market cap: $1.01M
Volume 24h: $29
Volatility (ann.): 33%

ConcordiumCCD

$0.002607

24h: -0.44%
Market cap: $33.30M
Volume 24h: $150,148
Volatility (ann.): 91%

SLINKY 2.9%Share of the two combined market caps97.1% CCD

Performance

SLINKYCCD

7 days-0.90%-14.92%SLINKY
30 days-12.32%-29.00%SLINKY

Correlation

-0.53over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5390d: 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	SLINKY	CCD
Max drawdown (400d)	-13.8%	-36.5%
Risk-adjusted return (90d)	-0.37	-0.27

Relative strength over 90 days: SLINKY outperformed CCD by 18.5% — measured on the SLINKY/CCD ratio, so it holds regardless of market direction.

Slinky Layer →Concordium →