Merrymen by Virtuals vs Venice Token

Venice Token (VVV) is 4527.5× the size of Merrymen by Virtuals (MERRYMEN) by market capitalisation. Over the past 30 days, VVV is ahead by 34.8 percentage points (MERRYMEN -34.8% against VVV +0.0%). Their daily returns move barely together (correlation 0.13 across 27 shared trading days). MERRYMEN has been the more volatile of the two, at 604% annualised against VVV's 169%.

Correlation: 0.13
Size ratio: 1 : 4527.5
Ahead over 30 days: VVV

Merrymen by VirtualsMERRYMEN

$0.000231

24h: -6.80%
Market cap: $230,648
Volume 24h: $5,347
Volatility (ann.): 604%

Venice TokenVVV

$21.3500

24h: -8.82%
Market cap: $1.04B
Volume 24h: $45.50M
Volatility (ann.): 169%

MERRYMEN 0.0%Share of the two combined market caps100.0% VVV

Performance

MERRYMENVVV

7 days+35.32%-9.39%MERRYMEN
30 days-34.75%+0.00%VVV

Correlation

0.13over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	MERRYMEN	VVV
Max drawdown (400d)	-67.1%	-29.6%
Risk-adjusted return (90d)	0.02	0.50

Relative strength over 90 days: VVV outperformed MERRYMEN by 19.6% — measured on the MERRYMEN/VVV ratio, so it holds regardless of market direction.

Merrymen by Virtuals →Venice Token →