STAYNEX vs OriginTrail

OriginTrail (TRAC) is 615.8× the size of STAYNEX (STAY) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 36 shared trading days). STAY has been the more volatile of the two, at 212% annualised against TRAC's 104%.

Correlation: 0.01
Size ratio: 1 : 615.8

STAYNEXSTAY

$6.290e-6

24h: +2.06%
Market cap: $250,319
Volume 24h: $900,999
Volatility (ann.): 212%

OriginTrailTRAC

$0.344641

24h: +3.25%
Market cap: $154.15M
Volume 24h: $1.24M
Volatility (ann.): 104%

STAY 0.2%Share of the two combined market caps99.8% TRAC

Performance

STAYTRAC

7 days+32.90%-8.44%STAY
30 days-26.94%+1.37%TRAC
90 days-61.65%——

Correlation

0.01over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	STAY	TRAC
Max drawdown (400d)	-89.3%	-25.0%
Risk-adjusted return (90d)	-0.29	0.24

Relative strength over 90 days: TRAC outperformed STAY by 42.9% — measured on the STAY/TRAC ratio, so it holds regardless of market direction.

STAYNEX →OriginTrail →