Clube Atlético Mineiro Fan Token vs Croatian Football Federation Token

Croatian Football Federation Token (VATRENI) is 300.0× the size of Clube Atlético Mineiro Fan Token (GALO) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 33 shared trading days). VATRENI has been the more volatile of the two, at 73% annualised against GALO's 46%.

Correlation: 0.22
Size ratio: 1 : 300.0

Clube Atlético Mineiro Fan TokenGALO

$0.011954

24h: +4.29%
Market cap: $80,493
Volume 24h: $50
Volatility (ann.): 46%

Croatian Football Federation TokenVATRENI

$1.3800

24h: +3.41%
Market cap: $24.14M
Volume 24h: $3,813
Volatility (ann.): 73%

GALO 0.3%Share of the two combined market caps99.7% VATRENI

Performance

GALOVATRENI

7 days-34.53%-8.28%VATRENI
30 days-32.68%-8.90%VATRENI
90 days-51.32%——
1 year-62.21%——

Correlation

0.22over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	GALO	VATRENI
Max drawdown (400d)	-64.2%	-25.7%
Risk-adjusted return (90d)	-0.71	-0.22

Relative strength over 90 days: VATRENI outperformed GALO by 36.5% — measured on the GALO/VATRENI ratio, so it holds regardless of market direction.

Clube Atlético Mineiro Fan Token →Croatian Football Federation Token →