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Constitution DAO (PEOPLE) Volatility & Bitcoin Correlation: 6.8% Daily Range, Beta 1.74 to Bitcoin

How Constitution DAO (PEOPLE) moves day to day and against Bitcoin, measured from 30 days of hourly prices and updated every morning.

Price
$0.005630
-1.8% 24h · -5.1% 7d
Daily range
6.8%
last day 4.5%
Beta to Bitcoin
1.74
correlation 0.70
Perp volume
$3M
a day · #141 by volume
Daily closes, last 30 days

How Constitution DAO moves

On a typical day Constitution DAO moves 6.8% from its low to its high (the median over 30 days), less than 56% of the 200 most-traded coins.

When Bitcoin moves 1% in an hour, PEOPLE moves about 1.74% in the same direction on average (beta 1.74). Its correlation with Bitcoin is 0.70: it follows Bitcoin closely. Most of its hourly moves line up with Bitcoin's.

Like almost every coin, it absorbs Bitcoin's moves within the same hour; there is no measurable one-hour lag.

On its last full day it moved 4.5% from low to high, 0.7× its usual range and traded 0.6× its usual perpetual volume.

In the last 30 days it had 2 hours with a move of 5% or more, and its busiest hours were 15:00, 14:00, 04:00 UTC.

It last traded 36.3% below its 30-day high and 1.3% above its 30-day low.

How these numbers are measured

Prices are Binance spot hourly closes for PEOPLEUSDT over the last 30 full days. Daily range is the median distance from a day's low to its high. Beta is how far PEOPLE moved, on average, for each 1% Bitcoin moved in the same hour; correlation is how consistently it moved with Bitcoin. Jumps are hours with a move of 5% or more; the busiest hours (15:00, 14:00, 04:00 UTC here) have the largest average move. Volume is the 7-day median on Binance USDT perpetuals.

These describe how Constitution DAO has moved, not where it will go. The same numbers for all 200 coins, sortable, and the daily watchlist with its public record are on the day trading screener.

FAQ

Does Constitution DAO follow Bitcoin?

Yes: over the last 30 days of hourly prices its correlation with Bitcoin was 0.70 and its beta 1.74, so a 1% Bitcoin move came with about 1.74% in PEOPLE on average.

How volatile is Constitution DAO?

Its median daily range over 30 days was 6.8% from low to high, less than 56% of the most-traded coins. It had 2 hourly moves of 5% or more in that time.

What time of day does PEOPLE move the most?

Over the last 30 days its largest average hourly moves came at 15:00, 14:00, 04:00 UTC.

Is PEOPLE liquid enough for day trading?

PEOPLE trades about $3M a day on Binance USDT perpetuals (median of 7 days), #141 among the coins we screen. Above $10 million a day is the minimum we use for the daily watchlist.

Coins that move like PEOPLE

BIO6.8% a daybeta 1.70 · corr 0.69ZEN6.8% a daybeta 1.70 · corr 0.78TST7.1% a daybeta 1.74 · corr 0.53AVNT6.6% a daybeta 1.72 · corr 0.63UNI6.9% a daybeta 1.80 · corr 0.71ONDO6.7% a daybeta 1.83 · corr 0.77