Midas The Minotaur vs Non-Playable Coin

Non-Playable Coin (NPC) is 1350.6× the size of Midas The Minotaur (MIDAS) by market capitalisation. Over the past 30 days, NPC is ahead by 49.5 percentage points (MIDAS -65.3% against NPC -15.8%). Their daily returns move barely together (correlation 0.16 across 22 shared trading days). Both have run at a similar volatility, around 156% annualised.

Correlation: 0.16
Size ratio: 1 : 1350.6
Ahead over 30 days: NPC

Midas The MinotaurMIDAS

$1.186e-5

24h: +6.78%
Market cap: $105,467
Volume 24h: $84
Volatility (ann.): 151%

Non-Playable CoinNPC

$0.017695

24h: +13.62%
Market cap: $142.45M
Volume 24h: $2.44M
Volatility (ann.): 162%

MIDAS 0.1%Share of the two combined market caps99.9% NPC

Performance

MIDASNPC

7 days+1.64%+3.65%NPC
30 days-65.31%-15.77%NPC

Correlation

0.16over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	MIDAS	NPC
Max drawdown (400d)	-68.5%	-34.4%
Risk-adjusted return (90d)	-0.43	1.52

Relative strength over 90 days: NPC outperformed MIDAS by 58.1% — measured on the MIDAS/NPC ratio, so it holds regardless of market direction.

Midas The Minotaur →Non-Playable Coin →