Metacade vs Venice Token

Venice Token (VVV) is 865.2× the size of Metacade (MCADE) by market capitalisation. Over the past 30 days, VVV is ahead by 33.3 percentage points (MCADE -33.3% against VVV +0.0%). Their daily returns move barely together (correlation 0.26 across 31 shared trading days). VVV has been the more volatile of the two, at 169% annualised against MCADE's 127%.

Correlation: 0.26
Size ratio: 1 : 865.2
Ahead over 30 days: VVV

MetacadeMCADE

$0.000628

24h: -1.08%
Market cap: $1.19M
Volume 24h: $55,493
Volatility (ann.): 127%

Venice TokenVVV

$21.1200

24h: -3.63%
Market cap: $1.03B
Volume 24h: $57.28M
Volatility (ann.): 169%

MCADE 0.1%Share of the two combined market caps99.9% VVV

Performance

MCADEVVV

7 days-0.07%-9.39%MCADE
30 days-33.31%+0.00%VVV

Correlation

0.26over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	MCADE	VVV
Max drawdown (400d)	-44.3%	-29.6%
Risk-adjusted return (90d)	-0.29	0.50

Relative strength over 90 days: VVV outperformed MCADE by 49.9% — measured on the MCADE/VVV ratio, so it holds regardless of market direction.

Metacade →Venice Token →