SpineDAO Token vs OriginTrail

OriginTrail (TRAC) is 123.5× the size of SpineDAO Token (SPINE) by market capitalisation. Over the past 30 days, TRAC is ahead by 40.6 percentage points (SPINE -35.9% against TRAC +4.7%). Their daily returns move loosely together (correlation 0.58 across 31 shared trading days). SPINE has been the more volatile of the two, at 140% annualised against TRAC's 104%.

Correlation: 0.58
Size ratio: 1 : 123.5
Ahead over 30 days: TRAC

SpineDAO TokenSPINE

$0.001268

24h: -2.35%
Market cap: $1.27M
Volume 24h: $188
Volatility (ann.): 140%

OriginTrailTRAC

$0.349999

24h: +3.90%
Market cap: $156.54M
Volume 24h: $1.78M
Volatility (ann.): 104%

SPINE 0.8%Share of the two combined market caps99.2% TRAC

Performance

SPINETRAC

7 days-1.67%-7.03%SPINE
30 days-35.95%+4.69%TRAC

Correlation

0.58over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5890d: 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	SPINE	TRAC
Max drawdown (400d)	-39.4%	-22.2%
Risk-adjusted return (90d)	-0.27	0.29

Relative strength over 90 days: TRAC outperformed SPINE by 38.9% — measured on the SPINE/TRAC ratio, so it holds regardless of market direction.

SpineDAO Token →OriginTrail →