Xraders vs Opinion

Opinion (OPN) is 60.5× the size of Xraders (XR) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 211 shared trading days). OPN has been the more volatile of the two, at 169% annualised against XR's 108%.

Correlation: 0.03
Size ratio: 1 : 60.5

XradersXR

$0.001994

24h: +0.79%
Market cap: $147,372
Volume 24h: $14,534
Volatility (ann.): 108%

OpinionOPN

$0.041000

24h: -1.90%
Market cap: $8.92M
Volume 24h: $7.34M
Volatility (ann.): 169%

XR 1.6%Share of the two combined market caps98.4% OPN

Performance

XROPN

7 days-37.74%-13.79%OPN
30 days-49.72%-26.72%OPN
90 days-60.60%-20.56%OPN
1 year-86.73%——

Correlation

0.03over 211 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 0.221y: 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	XR	OPN
Max drawdown (400d)	-87.9%	-88.8%
Risk-adjusted return (90d)	-0.97	-0.23

Relative strength over 90 days: OPN outperformed XR by 43.4% — measured on the XR/OPN ratio, so it holds regardless of market direction.

Xraders →Opinion →