Media Network vs Tether

Tether (USDT) is 7622537.0× the size of Media Network (MEDIA) by market capitalisation. Over the past 30 days, USDT is ahead by 4.7 percentage points (MEDIA -4.8% against USDT -0.0%). Their daily returns move barely together (correlation 0.10 across 24 shared trading days). MEDIA has been the more volatile of the two, at 14% annualised against USDT's 1%.

Correlation: 0.10
Size ratio: 1 : 7622537.0
Ahead over 30 days: USDT

Media NetworkMEDIA

$0.093148

24h: +0.07%
Market cap: $23,287
Volume 24h: $3
Volatility (ann.): 14%

TetherUSDT

$0.998912

24h: -0.04%
Market cap: $177.51B
Volume 24h: $64.05B
Volatility (ann.): 1%

MEDIA 0.0%Share of the two combined market caps100.0% USDT

Performance

MEDIAUSDT

7 days+0.12%+0.03%MEDIA
30 days-4.77%-0.04%USDT

Correlation

0.10over 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	MEDIA	USDT
Max drawdown (400d)	-5.7%	-0.2%
Risk-adjusted return (90d)	-0.41	0.03

Relative strength over 90 days: USDT outperformed MEDIA by 4.6% — measured on the MEDIA/USDT ratio, so it holds regardless of market direction.

Media Network →Tether →