Y8U vs Concordium

Concordium (CCD) is 719.6× the size of Y8U (Y8U) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 35 shared trading days). Y8U has been the more volatile of the two, at 150% annualised against CCD's 92%.

Correlation: -0.06
Size ratio: 1 : 719.6

Y8UY8U

$0.000184

24h: —
Market cap: $53,922
Volume 24h: $15
Volatility (ann.): 150%

ConcordiumCCD

$0.003037

24h: +26.31%
Market cap: $38.80M
Volume 24h: $804,888
Volatility (ann.): 92%

Y8U 0.1%Share of the two combined market caps99.9% CCD

Performance

Y8UCCD

7 days-1.85%-21.37%Y8U
30 days+11.47%-33.06%Y8U
90 days-11.57%——
1 year-89.10%——

Correlation

-0.06over 35 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	Y8U	CCD
Max drawdown (400d)	-90.7%	-41.3%
Risk-adjusted return (90d)	-0.13	-0.33

Relative strength over 90 days: CCD outperformed Y8U by 2.0% — measured on the Y8U/CCD ratio, so it holds regardless of market direction.

Y8U →Concordium →