Meteor Coin vs Fren Pet

Fren Pet (FP) is 89.3× the size of Meteor Coin (MTO) by market capitalisation. Over the past 30 days, FP is ahead by 59.7 percentage points (MTO -39.2% against FP +20.5%). Their daily returns move barely in opposite directions (correlation -0.22 across 28 shared trading days). FP has been the more volatile of the two, at 384% annualised against MTO's 139%.

Correlation: -0.22
Size ratio: 1 : 89.3
Ahead over 30 days: FP

Meteor CoinMTO

$0.002731

24h: -1.03%
Market cap: $272,994
Volume 24h: $10,465
Volatility (ann.): 139%

Fren PetFP

$3.4400

24h: +1.11%
Market cap: $24.39M
Volume 24h: $34,151
Volatility (ann.): 384%

MTO 1.1%Share of the two combined market caps98.9% FP

Performance

MTOFP

7 days-0.38%-35.17%MTO
30 days-39.20%+20.53%FP

Correlation

-0.22over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	MTO	FP
Max drawdown (400d)	-39.9%	-63.0%
Risk-adjusted return (90d)	-0.28	0.56

Relative strength over 90 days: FP outperformed MTO by 87.9% — measured on the MTO/FP ratio, so it holds regardless of market direction.

Meteor Coin →Fren Pet →