tx vs Provenance Blockchain

Provenance Blockchain (HASH) is 23.5× the size of tx (TX) by market capitalisation. Over the past 30 days, TX is ahead by 32.0 percentage points (TX +9.3% against HASH -22.7%). Their daily returns move barely in opposite directions (correlation -0.09 across 22 shared trading days). TX has been the more volatile of the two, at 186% annualised against HASH's 160%.

Correlation: -0.09
Size ratio: 1 : 23.5
Ahead over 30 days: TX

txTX

$0.001502

24h: +1.83%
Market cap: $15.73M
Volume 24h: $74,960
Volatility (ann.): 186%

Provenance BlockchainHASH

$0.006181

24h: -1.50%
Market cap: $369.77M
Volume 24h: $2,562
Volatility (ann.): 160%

TX 4.1%Share of the two combined market caps95.9% HASH

Performance

TXHASH

7 days+29.15%-15.08%TX
30 days+9.27%-22.75%TX

Correlation

-0.09over 22 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	TX	HASH
Max drawdown (400d)	-43.4%	-30.9%
Risk-adjusted return (90d)	0.05	-0.10

Relative strength over 90 days: TX outperformed HASH by 19.7% — measured on the TX/HASH ratio, so it holds regardless of market direction.

tx →Provenance Blockchain →