MetacadeMax vs balajis

balajis (BALAJIS) is 15.7× the size of MetacadeMax (METACADEMAX) by market capitalisation. Over the past 30 days, METACADEMAX is ahead by 24.5 percentage points (METACADEMAX -5.3% against BALAJIS -29.8%). Their daily returns move barely together (correlation 0.06 across 33 shared trading days). Both have run at a similar volatility, around 111% annualised.

Correlation: 0.06
Size ratio: 1 : 15.7
Ahead over 30 days: METACADEMAX

MetacadeMaxMETACADEMAX

$1.277e-5

24h: +5.85%
Market cap: $12,764
Volume 24h: $76
Volatility (ann.): 115%

balajisBALAJIS

$0.000201

24h: +2.62%
Market cap: $200,794
Volume 24h: $14
Volatility (ann.): 108%

METACADEMAX 6.0%Share of the two combined market caps94.0% BALAJIS

Performance

METACADEMAXBALAJIS

7 days-1.22%-13.39%METACADEMAX
30 days-5.32%-29.77%METACADEMAX

Correlation

0.06over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	METACADEMAX	BALAJIS
Max drawdown (400d)	-19.4%	-31.4%
Risk-adjusted return (90d)	0.11	-0.28

Relative strength over 90 days: METACADEMAX outperformed BALAJIS by 63.2% — measured on the METACADEMAX/BALAJIS ratio, so it holds regardless of market direction.

MetacadeMax →balajis →