THINK Protocol vs Concordium

Concordium (CCD) is 51.0× the size of THINK Protocol (THINK) by market capitalisation. Over the past 30 days, THINK is ahead by 5.9 percentage points (THINK -27.2% against CCD -33.1%). Their daily returns move barely together (correlation 0.21 across 34 shared trading days). THINK has been the more volatile of the two, at 178% annualised against CCD's 92%.

Correlation: 0.21
Size ratio: 1 : 51.0
Ahead over 30 days: THINK

THINK ProtocolTHINK

$0.000611

24h: -0.58%
Market cap: $611,167
Volume 24h: $83
Volatility (ann.): 178%

ConcordiumCCD

$0.002438

24h: -7.38%
Market cap: $31.14M
Volume 24h: $207,536
Volatility (ann.): 92%

THINK 1.9%Share of the two combined market caps98.1% CCD

Performance

THINKCCD

7 days+3.66%-21.37%THINK
30 days-27.21%-33.06%THINK

Correlation

0.21over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	THINK	CCD
Max drawdown (400d)	-56.7%	-41.3%
Risk-adjusted return (90d)	-0.27	-0.33

Relative strength over 90 days: CCD outperformed THINK by 15.3% — measured on the THINK/CCD ratio, so it holds regardless of market direction.

THINK Protocol →Concordium →