SunContract vs Energy Web Token

Energy Web Token (EWT) is 8.8× the size of SunContract (SNC) by market capitalisation. Over the past 30 days, EWT is ahead by 11.1 percentage points (SNC -5.1% against EWT +6.1%). Their daily returns move loosely in opposite directions (correlation -0.47 across 32 shared trading days). SNC has been the more volatile of the two, at 2017241% annualised against EWT's 97%.

Correlation: -0.47
Size ratio: 1 : 8.8
Ahead over 30 days: EWT

SunContractSNC

$0.021709

24h: +0.04%
Market cap: $2.66M
Volume 24h: $22,147
Volatility (ann.): 2017241%

Energy Web TokenEWT

$0.290396

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

SNC 10.2%Share of the two combined market caps89.8% EWT

Performance

SNCEWT

7 days-2.36%-2.36%SNC
30 days-5.07%+6.05%EWT

Correlation

-0.47over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4890d: 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	SNC	EWT
Max drawdown (400d)	-100.0%	-21.1%
Risk-adjusted return (90d)	0.00	0.01

Relative strength over 90 days: EWT outperformed SNC by 15.8% — measured on the SNC/EWT ratio, so it holds regardless of market direction.

SunContract →Energy Web Token →