GAG Token vs Marina Protocol

Marina Protocol (BAY) is 48.6× the size of GAG Token (GAG) by market capitalisation. Over the past 1 year, GAG is ahead by 46.1 percentage points (GAG -21.7% against BAY -67.8%). Their daily returns move barely together (correlation 0.02 across 332 shared trading days). BAY has been the more volatile of the two, at 202% annualised against GAG's 89%.

Correlation: 0.02
Size ratio: 1 : 48.6
Ahead over 1 year: GAG

GAG TokenGAG

$0.004585

24h: +0.62%
Market cap: $156,752
Volume 24h: $21,416
Volatility (ann.): 89%

Marina ProtocolBAY

$0.038106

24h: +1.56%
Market cap: $7.62M
Volume 24h: $463,563
Volatility (ann.): 202%

GAG 2.0%Share of the two combined market caps98.0% BAY

Performance

GAGBAY

7 days+24.58%-5.10%GAG
30 days+36.90%+117.86%BAY
90 days+39.44%+264.66%BAY
1 year-21.69%-67.78%GAG

Correlation

0.02over 332 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: -0.031y: 0.02

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	GAG	BAY
Max drawdown (400d)	-56.9%	-95.7%
Risk-adjusted return (90d)	0.64	1.02

Relative strength over 90 days: BAY outperformed GAG by 27.5% — measured on the GAG/BAY ratio, so it holds regardless of market direction.

GAG Token →Marina Protocol →