Sparklife vs OriginTrail

OriginTrail (TRAC) is 21428.3× the size of Sparklife (SPS) by market capitalisation. Over the past 30 days, TRAC is ahead by 45.2 percentage points (SPS -37.4% against TRAC +7.8%). Their daily returns move barely together (correlation 0.03 across 23 shared trading days). SPS has been the more volatile of the two, at 297% annualised against TRAC's 104%.

Correlation: 0.03
Size ratio: 1 : 21428.3
Ahead over 30 days: TRAC

SparklifeSPS

$8.792e-7

24h: +11.55%
Market cap: $7,133
Volume 24h: $15
Volatility (ann.): 297%

OriginTrailTRAC

$0.341823

24h: -1.61%
Market cap: $152.84M
Volume 24h: $3.61M
Volatility (ann.): 104%

SPS 0.0%Share of the two combined market caps100.0% TRAC

Performance

SPSTRAC

7 days-9.63%-5.27%TRAC
30 days-37.38%+7.85%TRAC

Correlation

0.03over 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	SPS	TRAC
Max drawdown (400d)	-59.6%	-22.2%
Risk-adjusted return (90d)	-0.13	0.33

Relative strength over 90 days: SPS outperformed TRAC by 6.4% — measured on the SPS/TRAC ratio, so it holds regardless of market direction.

Sparklife →OriginTrail →