Manyways Inference vs Pieverse

Pieverse (PIEVERSE) is 5662.4× the size of Manyways Inference (MANY) by market capitalisation. Over the past 30 days, PIEVERSE is ahead by 6.8 percentage points (MANY -11.8% against PIEVERSE -4.9%). Their daily returns move barely together (correlation 0.06 across 24 shared trading days). MANY has been the more volatile of the two, at 4323% annualised against PIEVERSE's 145%.

Correlation: 0.06
Size ratio: 1 : 5662.4
Ahead over 30 days: PIEVERSE

Manyways InferenceMANY

$5.622e-5

24h: -0.57%
Market cap: $56,224
Volume 24h: $101
Volatility (ann.): 4323%

PieversePIEVERSE

$1.1600

24h: -0.57%
Market cap: $318.36M
Volume 24h: $7.62M
Volatility (ann.): 145%

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

Performance

MANYPIEVERSE

7 days-32.81%+10.79%PIEVERSE
30 days-11.76%-4.92%PIEVERSE

Correlation

0.06over 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	MANY	PIEVERSE
Max drawdown (400d)	-99.0%	-38.7%
Risk-adjusted return (90d)	-0.02	0.25

Relative strength over 90 days: PIEVERSE outperformed MANY by 85.7% — measured on the MANY/PIEVERSE ratio, so it holds regardless of market direction.

Manyways Inference →Pieverse →