Syscoin vs Midnight

Midnight (NIGHT) is 307.3× the size of Syscoin (SYS) by market capitalisation. Over the past 90 days, NIGHT is ahead by 189.9 percentage points (SYS -59.1% against NIGHT +130.8%). Their daily returns move barely together (correlation 0.23 across 77 shared trading days). Both have run at a similar volatility, around 123% annualised.

Correlation: 0.23
Size ratio: 1 : 307.3
Ahead over 90 days: NIGHT

SyscoinSYS

$0.002230

24h: +1.92%
Market cap: $2.34M
Volume 24h: $763
Volatility (ann.): 131%

MidnightNIGHT

$0.043360

24h: +3.66%
Market cap: $718.70M
Volume 24h: $167.49M
Volatility (ann.): 114%

SYS 0.3%Share of the two combined market caps99.7% NIGHT

Performance

SYSNIGHT

7 days+8.86%+2.62%SYS
30 days-53.11%-3.75%NIGHT
90 days-59.07%+130.81%NIGHT

Correlation

0.23over 77 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 0.231y: 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	SYS	NIGHT
Max drawdown (400d)	-92.0%	-67.2%
Risk-adjusted return (90d)	-0.34	1.09

Relative strength over 90 days: NIGHT outperformed SYS by 44.3% — measured on the SYS/NIGHT ratio, so it holds regardless of market direction.

Syscoin →Midnight →