Tune.Fm vs Beatswap

Beatswap (BTX) is 3.2× the size of Tune.Fm (JAM) by market capitalisation. Over the past 30 days, JAM is ahead by 68.9 percentage points (JAM -19.8% against BTX -88.7%). Their daily returns move barely together (correlation 0.20 across 26 shared trading days). BTX has been the more volatile of the two, at 287% annualised against JAM's 157%.

Correlation: 0.20
Size ratio: 1 : 3.2
Ahead over 30 days: JAM

Tune.FmJAM

$8.100e-6

24h: +1.04%
Market cap: $240,658
Volume 24h: $641
Volatility (ann.): 157%

BeatswapBTX

$0.003427

24h: -4.84%
Market cap: $770,254
Volume 24h: $10,850
Volatility (ann.): 287%

JAM 23.8%Share of the two combined market caps76.2% BTX

Performance

JAMBTX

7 days-5.60%-84.29%JAM
30 days-19.79%-88.68%JAM

Correlation

0.20over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	JAM	BTX
Max drawdown (400d)	-29.8%	-89.1%
Risk-adjusted return (90d)	-0.13	-0.31

Relative strength over 90 days: JAM outperformed BTX by 47.4% — measured on the JAM/BTX ratio, so it holds regardless of market direction.

Tune.Fm →Beatswap →