Eggle Energy vs ECOMI

ECOMI (OMI) is 89.5× the size of Eggle Energy (ENG) by market capitalisation. Over the past 30 days, OMI is ahead by 59.8 percentage points (ENG -49.3% against OMI +10.5%). Their daily returns move barely in opposite directions (correlation -0.06 across 25 shared trading days). ENG has been the more volatile of the two, at 112% annualised against OMI's 91%.

Correlation: -0.06
Size ratio: 1 : 89.5
Ahead over 30 days: OMI

Eggle EnergyENG

$0.001222

24h: -2.34%
Market cap: $727,170
Volume 24h: $86
Volatility (ann.): 112%

ECOMIOMI

$0.000240

24h: +0.99%
Market cap: $65.07M
Volume 24h: $808,969
Volatility (ann.): 91%

ENG 1.1%Share of the two combined market caps98.9% OMI

Performance

ENGOMI

7 days-29.69%-13.31%OMI
30 days-49.31%+10.49%OMI

Correlation

-0.06over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	ENG	OMI
Max drawdown (400d)	-53.2%	-28.3%
Risk-adjusted return (90d)	-0.47	0.22

Relative strength over 90 days: OMI outperformed ENG by 50.4% — measured on the ENG/OMI ratio, so it holds regardless of market direction.

Eggle Energy →ECOMI →