MetaMUI vs Concordium

Concordium (CCD) is 1.6× the size of MetaMUI (MMUI) by market capitalisation. Over the past 30 days, MMUI is ahead by 86.4 percentage points (MMUI +57.4% against CCD -29.0%). Their daily returns move barely together (correlation 0.32 across 27 shared trading days). CCD has been the more volatile of the two, at 91% annualised against MMUI's 70%.

Correlation: 0.32
Size ratio: 1 : 1.6
Ahead over 30 days: MMUI

MetaMUIMMUI

$0.039856

24h: -0.23%
Market cap: $18.97M
Volume 24h: $487,228
Volatility (ann.): 70%

ConcordiumCCD

$0.002436

24h: -7.68%
Market cap: $31.12M
Volume 24h: $177,240
Volatility (ann.): 91%

MMUI 37.9%Share of the two combined market caps62.1% CCD

Performance

MMUICCD

7 days+4.92%-14.92%MMUI
30 days+57.37%-29.00%MMUI

Correlation

0.32over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	MMUI	CCD
Max drawdown (400d)	-8.6%	-36.5%
Risk-adjusted return (90d)	0.82	-0.27

Relative strength over 90 days: MMUI outperformed CCD by 49.1% — measured on the MMUI/CCD ratio, so it holds regardless of market direction.

MetaMUI →Concordium →