Swarm Markets vs Zebec Network

Zebec Network (ZBCN) is 513.2× the size of Swarm Markets (SMT) by market capitalisation. Over the past 30 days, ZBCN is ahead by 52.8 percentage points (SMT -41.7% against ZBCN +11.1%). Their daily returns move closely together (correlation 0.63 across 29 shared trading days). SMT has been the more volatile of the two, at 291% annualised against ZBCN's 106%.

Correlation: 0.63
Size ratio: 1 : 513.2
Ahead over 30 days: ZBCN

Swarm MarketsSMT

$0.004150

24h: +1.13%
Market cap: $384,316
Volume 24h: $44
Volatility (ann.): 291%

Zebec NetworkZBCN

$0.001972

24h: -3.47%
Market cap: $197.24M
Volume 24h: $8.54M
Volatility (ann.): 106%

SMT 0.2%Share of the two combined market caps99.8% ZBCN

Performance

SMTZBCN

7 days-4.85%-3.68%ZBCN
30 days-41.71%+11.12%ZBCN

Correlation

0.63over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6390d: 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	SMT	ZBCN
Max drawdown (400d)	-69.6%	-20.8%
Risk-adjusted return (90d)	-0.17	0.23

Relative strength over 90 days: ZBCN outperformed SMT by 53.5% — measured on the SMT/ZBCN ratio, so it holds regardless of market direction.

Swarm Markets →Zebec Network →