0xMonk by Virtuals vs Concordium

Concordium (CCD) is 239.1× the size of 0xMonk by Virtuals (MONK) by market capitalisation. Their daily returns move closely together (correlation 0.72 across 34 shared trading days). Both have run at a similar volatility, around 99% annualised.

Correlation: 0.72
Size ratio: 1 : 239.1

0xMonk by VirtualsMONK

$0.000162

24h: +3.69%
Market cap: $162,305
Volume 24h: $8
Volatility (ann.): 105%

ConcordiumCCD

$0.003037

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

MONK 0.4%Share of the two combined market caps99.6% CCD

Performance

MONKCCD

7 days-25.94%-21.37%CCD
30 days-23.03%-33.06%MONK
90 days-23.89%——

Correlation

0.72over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7290d: 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	MONK	CCD
Max drawdown (400d)	-47.4%	-41.3%
Risk-adjusted return (90d)	-0.21	-0.33

Relative strength over 90 days: MONK outperformed CCD by 10.8% — measured on the MONK/CCD ratio, so it holds regardless of market direction.

0xMonk by Virtuals →Concordium →