Solarcoin vs Energy Web Token

Energy Web Token (EWT) is 32.9× the size of Solarcoin (SLR) by market capitalisation. Over the past 30 days, EWT is ahead by 51.6 percentage points (SLR -45.6% against EWT +6.1%). Their daily returns move barely in opposite directions (correlation -0.07 across 37 shared trading days). EWT has been the more volatile of the two, at 97% annualised against SLR's 84%.

Correlation: -0.07
Size ratio: 1 : 32.9
Ahead over 30 days: EWT

SolarcoinSLR

$4.012e-5

24h: +0.41%
Market cap: $716,314
Volume 24h: $215
Volatility (ann.): 84%

Energy Web TokenEWT

$0.290396

24h: +2.24%
Market cap: $23.54M
Volume 24h: $217,680
Volatility (ann.): 97%

SLR 3.0%Share of the two combined market caps97.0% EWT

Performance

SLREWT

7 days+0.40%-2.36%SLR
30 days-45.57%+6.05%EWT

Correlation

-0.07over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: 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	SLR	EWT
Max drawdown (400d)	-48.0%	-21.1%
Risk-adjusted return (90d)	-0.50	0.01

Relative strength over 90 days: EWT outperformed SLR by 46.8% — measured on the SLR/EWT ratio, so it holds regardless of market direction.

Solarcoin →Energy Web Token →