MESA vs Akedo

Akedo (AKE) is 799.0× the size of MESA (MESA) by market capitalisation. Over the past 30 days, MESA is ahead by 50.2 percentage points (MESA -33.0% against AKE -83.2%). Their daily returns move barely in opposite directions (correlation -0.13 across 24 shared trading days). AKE has been the more volatile of the two, at 457% annualised against MESA's 203%.

Correlation: -0.13
Size ratio: 1 : 799.0
Ahead over 30 days: MESA

MESAMESA

$7.377e-5

24h: +2.55%
Market cap: $73,668
Volume 24h: $167
Volatility (ann.): 203%

AkedoAKE

$0.002582

24h: -10.28%
Market cap: $58.86M
Volume 24h: $25.07M
Volatility (ann.): 457%

MESA 0.1%Share of the two combined market caps99.9% AKE

Performance

MESAAKE

7 days+2.22%-88.63%MESA
30 days-33.00%-83.17%MESA

Correlation

-0.13over 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	MESA	AKE
Max drawdown (400d)	-41.3%	-93.5%
Risk-adjusted return (90d)	-0.06	-0.16

Relative strength over 90 days: MESA outperformed AKE by 613.8% — measured on the MESA/AKE ratio, so it holds regardless of market direction.

MESA →Akedo →