MangaNow vs Akedo

Akedo (AKE) is 5070.5× the size of MangaNow (MGN) by market capitalisation. Over the past 30 days, MGN is ahead by 64.2 percentage points (MGN -21.7% against AKE -85.9%). Their daily returns move loosely together (correlation 0.37 across 24 shared trading days). AKE has been the more volatile of the two, at 454% annualised against MGN's 82%.

Correlation: 0.37
Size ratio: 1 : 5070.5
Ahead over 30 days: MGN

MangaNowMGN

$0.045590

24h: -2.33%
Market cap: $22,793
Volume 24h: $103
Volatility (ann.): 82%

AkedoAKE

$0.005071

24h: +86.63%
Market cap: $115.57M
Volume 24h: $123.60M
Volatility (ann.): 454%

MGN 0.0%Share of the two combined market caps100.0% AKE

Performance

MGNAKE

7 days-9.01%-89.22%MGN
30 days-21.74%-85.94%MGN

Correlation

0.37over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	MGN	AKE
Max drawdown (400d)	-26.2%	-94.2%
Risk-adjusted return (90d)	-0.29	-0.17

Relative strength over 90 days: MGN outperformed AKE by 796.3% — measured on the MGN/AKE ratio, so it holds regardless of market direction.

MangaNow →Akedo →