Magpie vs Venice Token

Venice Token (VVV) is 1359.3× the size of Magpie (MGP) by market capitalisation. Over the past 30 days, VVV is ahead by 19.1 percentage points (MGP -21.9% against VVV -2.8%). Their daily returns move barely together (correlation 0.06 across 28 shared trading days). VVV has been the more volatile of the two, at 170% annualised against MGP's 106%.

Correlation: 0.06
Size ratio: 1 : 1359.3
Ahead over 30 days: VVV

MagpieMGP

$0.001439

24h: -0.71%
Market cap: $827,567
Volume 24h: $263
Volatility (ann.): 106%

Venice TokenVVV

$23.0600

24h: +3.15%
Market cap: $1.12B
Volume 24h: $48.47M
Volatility (ann.): 170%

MGP 0.1%Share of the two combined market caps99.9% VVV

Performance

MGPVVV

7 days-5.53%-12.69%MGP
30 days-21.91%-2.78%VVV

Correlation

0.06over 28 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	MGP	VVV
Max drawdown (400d)	-32.2%	-29.6%
Risk-adjusted return (90d)	-0.20	0.54

Relative strength over 90 days: VVV outperformed MGP by 40.5% — measured on the MGP/VVV ratio, so it holds regardless of market direction.

Magpie →Venice Token →