Ignis vs GAL (migrated to Gravity - G)

GAL (migrated to Gravity - G) (GAL) is 5542.4× the size of Ignis (IGN) by market capitalisation. Over the past 30 days, GAL is ahead by 35.4 percentage points (IGN -53.4% against GAL -18.0%). Their daily returns move loosely in opposite directions (correlation -0.52 across 32 shared trading days). GAL has been the more volatile of the two, at 426% annualised against IGN's 121%.

Correlation: -0.52
Size ratio: 1 : 5542.4
Ahead over 30 days: GAL

IgnisIGN

$0.000195

24h: +2.61%
Market cap: $10,580
Volume 24h: $160
Volatility (ann.): 121%

GAL (migrated to Gravity - G)GAL

$2.5420

24h: -4.39%
Market cap: $58.64M
Volume 24h: $46
Volatility (ann.): 426%

IGN 0.0%Share of the two combined market caps100.0% GAL

Performance

IGNGAL

7 days-30.74%-8.33%GAL
30 days-53.37%-17.97%GAL

Correlation

-0.52over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5290d: 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	IGN	GAL
Max drawdown (400d)	-56.2%	-64.9%
Risk-adjusted return (90d)	-0.45	-0.05

Relative strength over 90 days: GAL outperformed IGN by 45.7% — measured on the IGN/GAL ratio, so it holds regardless of market direction.

Ignis →GAL (migrated to Gravity - G) →