Midas Rockaway Market Neutral vs Midas mEDGE

Midas Rockaway Market Neutral (MROX) is 26.0× the size of Midas mEDGE (MEDGE) by market capitalisation. Over the past 30 days, MROX is ahead by 0.0 percentage points (MROX +0.9% against MEDGE +0.9%). Their daily returns move barely in opposite directions (correlation -0.04 across 30 shared trading days). Both have run at a similar volatility, around 3% annualised.

Correlation: -0.04
Size ratio: 26.0×
Ahead over 30 days: MROX

Midas Rockaway Market NeutralMROX

$1.1600

24h: +0.11%
Market cap: $12.99M
Volume 24h: —
Volatility (ann.): 3%

Midas mEDGEMEDGE

$1.1500

24h: +0.00%
Market cap: $499,243
Volume 24h: —
Volatility (ann.): 3%

MROX 96.3%Share of the two combined market caps3.7% MEDGE

Performance

MROXMEDGE

7 days+0.00%+0.00%MROX
30 days+0.88%+0.88%MROX

Correlation

-0.04over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	MROX	MEDGE
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.29	0.29

Relative strength over 90 days: MROX outperformed MEDGE by 0.0% — measured on the MROX/MEDGE ratio, so it holds regardless of market direction.

Midas Rockaway Market Neutral →Midas mEDGE →