MangaNow vs Pieverse

Pieverse (PIEVERSE) is 16939.7× the size of MangaNow (MGN) by market capitalisation. Over the past 30 days, PIEVERSE is ahead by 29.6 percentage points (MGN -21.7% against PIEVERSE +7.8%). Their daily returns move loosely in opposite directions (correlation -0.38 across 24 shared trading days). PIEVERSE has been the more volatile of the two, at 143% annualised against MGN's 82%.

Correlation: -0.38
Size ratio: 1 : 16939.7
Ahead over 30 days: PIEVERSE

MangaNowMGN

$0.045590

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

PieversePIEVERSE

$1.4100

24h: +10.58%
Market cap: $386.11M
Volume 24h: $21.25M
Volatility (ann.): 143%

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

Performance

MGNPIEVERSE

7 days-9.01%+27.18%PIEVERSE
30 days-21.74%+7.83%PIEVERSE

Correlation

-0.38over 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	PIEVERSE
Max drawdown (400d)	-26.2%	-38.7%
Risk-adjusted return (90d)	-0.29	0.32

Relative strength over 90 days: PIEVERSE outperformed MGN by 15.2% — measured on the MGN/PIEVERSE ratio, so it holds regardless of market direction.

MangaNow →Pieverse →