Wigl vs Zebec Network

Zebec Network (ZBCN) is 53.3× the size of Wigl (WIGL) by market capitalisation. Over the past 30 days, ZBCN is ahead by 17.5 percentage points (WIGL -6.4% against ZBCN +11.1%). Their daily returns move barely together (correlation 0.28 across 31 shared trading days). ZBCN has been the more volatile of the two, at 106% annualised against WIGL's 31%.

Correlation: 0.28
Size ratio: 1 : 53.3
Ahead over 30 days: ZBCN

WiglWIGL

$0.030931

24h: +0.37%
Market cap: $3.78M
Volume 24h: $986
Volatility (ann.): 31%

Zebec NetworkZBCN

$0.002014

24h: +1.33%
Market cap: $201.44M
Volume 24h: $8.92M
Volatility (ann.): 106%

WIGL 1.8%Share of the two combined market caps98.2% ZBCN

Performance

WIGLZBCN

7 days-0.64%-3.68%WIGL
30 days-6.38%+11.12%ZBCN

Correlation

0.28over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	WIGL	ZBCN
Max drawdown (400d)	-10.8%	-20.8%
Risk-adjusted return (90d)	-0.26	0.23

Relative strength over 90 days: ZBCN outperformed WIGL by 14.1% — measured on the WIGL/ZBCN ratio, so it holds regardless of market direction.

Wigl →Zebec Network →