Toyow (TTN) and Zebec Network (ZBCN) compared side by side. Their daily returns move loosely in opposite directions (correlation -0.48 across 35 shared trading days). ZBCN has been the more volatile of the two, at 106% annualised against TTN's 87%.
TTNZBCN
-0.48over 35 shared trading days
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.
| Metric | TTN | ZBCN |
|---|---|---|
| Max drawdown (400d) | -74.5% | -20.8% |
| Risk-adjusted return (90d) | -1.05 | 0.23 |
Relative strength over 90 days: ZBCN outperformed TTN by 54.5% — measured on the TTN/ZBCN ratio, so it holds regardless of market direction.