MangaNow vs TAGGER

TAGGER (TAG) is 3148.6× the size of MangaNow (MGN) by market capitalisation. Over the past 30 days, TAG is ahead by 14.2 percentage points (MGN -21.7% against TAG -7.5%). Their daily returns move barely in opposite directions (correlation -0.01 across 21 shared trading days). TAG has been the more volatile of the two, at 205% annualised against MGN's 82%.

Correlation: -0.01
Size ratio: 1 : 3148.6
Ahead over 30 days: TAG

MangaNowMGN

$0.045590

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

TAGGERTAG

$0.000659

24h: -12.47%
Market cap: $71.77M
Volume 24h: $1.89M
Volatility (ann.): 205%

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

Performance

MGNTAG

7 days-9.01%-7.02%TAG
30 days-21.74%-7.49%TAG

Correlation

-0.01over 21 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	TAG
Max drawdown (400d)	-26.2%	-52.8%
Risk-adjusted return (90d)	-0.29	-0.15

Relative strength over 90 days: TAG outperformed MGN by 29.1% — measured on the MGN/TAG ratio, so it holds regardless of market direction.

MangaNow →TAGGER →