MESA vs Pieverse

Pieverse (PIEVERSE) is 4825.8× the size of MESA (MESA) by market capitalisation. Over the past 30 days, PIEVERSE is ahead by 33.8 percentage points (MESA -33.0% against PIEVERSE +0.8%). Their daily returns move barely together (correlation 0.27 across 24 shared trading days). MESA has been the more volatile of the two, at 203% annualised against PIEVERSE's 144%.

Correlation: 0.27
Size ratio: 1 : 4825.8
Ahead over 30 days: PIEVERSE

MESAMESA

$7.377e-5

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

PieversePIEVERSE

$1.2900

24h: +12.08%
Market cap: $355.50M
Volume 24h: $13.17M
Volatility (ann.): 144%

MESA 0.0%Share of the two combined market caps100.0% PIEVERSE

Performance

MESAPIEVERSE

7 days+2.22%+14.98%PIEVERSE
30 days-33.00%+0.85%PIEVERSE

Correlation

0.27over 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	PIEVERSE
Max drawdown (400d)	-41.3%	-38.7%
Risk-adjusted return (90d)	-0.06	0.28

Relative strength over 90 days: PIEVERSE outperformed MESA by 20.6% — measured on the MESA/PIEVERSE ratio, so it holds regardless of market direction.

MESA →Pieverse →