Marvin vs Dogelon Mars

Dogelon Mars (ELON) is 17.4× the size of Marvin (MARVIN) by market capitalisation. Over the past 30 days, ELON is ahead by 63.1 percentage points (MARVIN -77.2% against ELON -14.1%). Their daily returns move very closely together (correlation 0.90 across 28 shared trading days). MARVIN has been the more volatile of the two, at 245% annualised against ELON's 116%.

Correlation: 0.90
Size ratio: 1 : 17.4
Ahead over 30 days: ELON

MarvinMARVIN

$3.630e-6

24h: -6.42%
Market cap: $1.53M
Volume 24h: $6,789
Volatility (ann.): 245%

Dogelon MarsELON

$2.649e-8

24h: +1.96%
Market cap: $26.50M
Volume 24h: $3.18M
Volatility (ann.): 116%

MARVIN 5.4%Share of the two combined market caps94.6% ELON

Performance

MARVINELON

7 days-72.94%-3.93%ELON
30 days-77.19%-14.09%ELON

Correlation

0.90over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9090d: 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	MARVIN	ELON
Max drawdown (400d)	-77.2%	-36.8%
Risk-adjusted return (90d)	-0.31	-0.12

Relative strength over 90 days: ELON outperformed MARVIN by 72.5% — measured on the MARVIN/ELON ratio, so it holds regardless of market direction.

Marvin →Dogelon Mars →