MESH Gateway vs Venice Token

Venice Token (VVV) is 39798.9× the size of MESH Gateway (MESH) by market capitalisation. Over the past 30 days, VVV is ahead by 94.0 percentage points (MESH -96.8% against VVV -2.8%). Their daily returns move barely together (correlation 0.13 across 26 shared trading days). MESH has been the more volatile of the two, at 959% annualised against VVV's 170%.

Correlation: 0.13
Size ratio: 1 : 39798.9
Ahead over 30 days: VVV

MESH GatewayMESH

$3.474e-5

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

Venice TokenVVV

$24.0300

24h: +10.90%
Market cap: $1.17B
Volume 24h: $42.40M
Volatility (ann.): 170%

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

Performance

MESHVVV

7 days-91.35%-12.69%VVV
30 days-96.80%-2.78%VVV

Correlation

0.13over 26 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	MESH	VVV
Max drawdown (400d)	-97.2%	-29.6%
Risk-adjusted return (90d)	-0.10	0.54

Relative strength over 90 days: VVV outperformed MESH by 93.8% — measured on the MESH/VVV ratio, so it holds regardless of market direction.

MESH Gateway →Venice Token →