True vs Overtime

True (TRUE) is 1.9× the size of Overtime (OVER) by market capitalisation. Over the past 30 days, TRUE is ahead by 1300.4 percentage points (TRUE +1283.9% against OVER -16.5%). Their daily returns move barely in opposite directions (correlation -0.06 across 36 shared trading days). TRUE has been the more volatile of the two, at 2386% annualised against OVER's 36%.

Correlation: -0.06
Size ratio: 1.9×
Ahead over 30 days: TRUE

TrueTRUE

$0.195625

24h: +10.68%
Market cap: $18.96M
Volume 24h: $49,694
Volatility (ann.): 2386%

OvertimeOVER

$0.184785

24h: -0.48%
Market cap: $9.97M
Volume 24h: $15,690
Volatility (ann.): 36%

TRUE 65.6%Share of the two combined market caps34.4% OVER

Performance

TRUEOVER

7 days+38.72%-1.06%TRUE
30 days+1283.87%-16.53%TRUE

Correlation

-0.06over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	TRUE	OVER
Max drawdown (400d)	-49.1%	-20.9%
Risk-adjusted return (90d)	0.33	-0.46

Relative strength over 90 days: TRUE outperformed OVER by 965.4% — measured on the TRUE/OVER ratio, so it holds regardless of market direction.

True →Overtime →