Midas Fasanara Global vs Midas mHYPER

Midas Fasanara Global (MGLOBAL) is 1.1× the size of Midas mHYPER (MHYPER) by market capitalisation. Over the past 30 days, MGLOBAL is ahead by 0.2 percentage points (MGLOBAL +1.1% against MHYPER +0.9%). Their daily returns move loosely together (correlation 0.52 across 47 shared trading days). MHYPER has been the more volatile of the two, at 3% annualised against MGLOBAL's 2%.

Correlation: 0.52
Size ratio: 1.1×
Ahead over 30 days: MGLOBAL

Midas Fasanara GlobalMGLOBAL

$1.0280

24h: +0.00%
Market cap: $34.28M
Volume 24h: —
Volatility (ann.): 2%

Midas mHYPERMHYPER

$1.1400

24h: +0.18%
Market cap: $31.05M
Volume 24h: —
Volatility (ann.): 3%

MGLOBAL 52.5%Share of the two combined market caps47.5% MHYPER

Performance

MGLOBALMHYPER

7 days+0.00%+0.00%MGLOBAL
30 days+1.08%+0.88%MGLOBAL

Correlation

0.52over 47 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7690d: 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	MGLOBAL	MHYPER
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.68	0.53

Relative strength over 90 days: MHYPER outperformed MGLOBAL by 0.7% — measured on the MGLOBAL/MHYPER ratio, so it holds regardless of market direction.

Midas Fasanara Global →Midas mHYPER →