The Nation Token vs Non-Playable Coin

Non-Playable Coin (NPC) is 4240.8× the size of The Nation Token (NATO) by market capitalisation. Over the past 30 days, NPC is ahead by 14.2 percentage points (NATO -30.0% against NPC -15.8%). Their daily returns move loosely together (correlation 0.54 across 23 shared trading days). Both have run at a similar volatility, around 166% annualised.

Correlation: 0.54
Size ratio: 1 : 4240.8
Ahead over 30 days: NPC

The Nation TokenNATO

$3.145e-8

24h: +7.21%
Market cap: $31,450
Volume 24h: $3
Volatility (ann.): 170%

Non-Playable CoinNPC

$0.016568

24h: -1.68%
Market cap: $133.37M
Volume 24h: $2.24M
Volatility (ann.): 162%

NATO 0.0%Share of the two combined market caps100.0% NPC

Performance

NATONPC

7 days+3.63%+3.65%NPC
30 days-29.96%-15.77%NPC

Correlation

0.54over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	NATO	NPC
Max drawdown (400d)	-65.6%	-34.4%
Risk-adjusted return (90d)	-0.37	1.52

Relative strength over 90 days: NATO outperformed NPC by 4.1% — measured on the NATO/NPC ratio, so it holds regardless of market direction.

The Nation Token →Non-Playable Coin →