SpineDAO Token vs The Innovation Game

The Innovation Game (TIG) is 15.6× the size of SpineDAO Token (SPINE) by market capitalisation. Over the past 30 days, TIG is ahead by 19.5 percentage points (SPINE -35.9% against TIG -16.5%). Their daily returns move closely together (correlation 0.65 across 39 shared trading days). Both have run at a similar volatility, around 147% annualised.

Correlation: 0.65
Size ratio: 1 : 15.6
Ahead over 30 days: TIG

SpineDAO TokenSPINE

$0.001268

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

The Innovation GameTIG

$0.527037

24h: -4.37%
Market cap: $19.78M
Volume 24h: $363,629
Volatility (ann.): 153%

SPINE 6.0%Share of the two combined market caps94.0% TIG

Performance

SPINETIG

7 days-1.67%-5.25%SPINE
30 days-35.95%-16.46%TIG

Correlation

0.65over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6790d: 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	TIG
Max drawdown (400d)	-39.4%	-46.1%
Risk-adjusted return (90d)	-0.27	-0.20

Relative strength over 90 days: TIG outperformed SPINE by 12.5% — measured on the SPINE/TIG ratio, so it holds regardless of market direction.

SpineDAO Token →The Innovation Game →