MEDXT vs Tether

Tether (USDT) is 24919.0× the size of MEDXT (MEDXT) by market capitalisation. Over the past 30 days, USDT is ahead by 73.2 percentage points (MEDXT -73.3% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.04 across 32 shared trading days). MEDXT has been the more volatile of the two, at 484% annualised against USDT's 1%.

Correlation: -0.04
Size ratio: 1 : 24919.0
Ahead over 30 days: USDT

MEDXTMEDXT

$0.000344

24h: -4.40%
Market cap: $7.15M
Volume 24h: $1,094
Volatility (ann.): 484%

TetherUSDT

$0.999060

24h: +0.04%
Market cap: $178.21B
Volume 24h: $54.74B
Volatility (ann.): 1%

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

Performance

MEDXTUSDT

7 days-29.70%+0.03%USDT
30 days-73.29%-0.08%USDT

Correlation

-0.04over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	MEDXT	USDT
Max drawdown (400d)	-77.3%	-0.2%
Risk-adjusted return (90d)	-0.14	-0.03

Relative strength over 90 days: USDT outperformed MEDXT by 65.8% — measured on the MEDXT/USDT ratio, so it holds regardless of market direction.

MEDXT →Tether →