MESH Gateway vs Concordium

Concordium (CCD) is 1161.9× the size of MESH Gateway (MESH) by market capitalisation. Over the past 30 days, CCD is ahead by 67.8 percentage points (MESH -96.8% against CCD -29.0%). Their daily returns move barely together (correlation 0.19 across 31 shared trading days). MESH has been the more volatile of the two, at 959% annualised against CCD's 91%.

Correlation: 0.19
Size ratio: 1 : 1161.9
Ahead over 30 days: CCD

MESH GatewayMESH

$3.474e-5

24h: -2.03%
Market cap: $29,470
Volume 24h: $106
Volatility (ann.): 959%

ConcordiumCCD

$0.002681

24h: +1.14%
Market cap: $34.24M
Volume 24h: $120,876
Volatility (ann.): 91%

MESH 0.1%Share of the two combined market caps99.9% CCD

Performance

MESHCCD

7 days-91.35%-14.92%CCD
30 days-96.80%-29.00%CCD

Correlation

0.19over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	MESH	CCD
Max drawdown (400d)	-97.2%	-36.5%
Risk-adjusted return (90d)	-0.10	-0.27

Relative strength over 90 days: CCD outperformed MESH by 87.5% — measured on the MESH/CCD ratio, so it holds regardless of market direction.

MESH Gateway →Concordium →