Midle vs GAL (migrated to Gravity - G)

GAL (migrated to Gravity - G) (GAL) is 20718.4× the size of Midle (MIDLE) by market capitalisation. Over the past 30 days, MIDLE is ahead by 15.5 percentage points (MIDLE -2.4% against GAL -18.0%). Their daily returns move barely together (correlation 0.07 across 30 shared trading days). GAL has been the more volatile of the two, at 426% annualised against MIDLE's 8%.

Correlation: 0.07
Size ratio: 1 : 20718.4
Ahead over 30 days: MIDLE

MidleMIDLE

$6.230e-6

24h: -0.01%
Market cap: $2,939
Volume 24h: $1
Volatility (ann.): 8%

GAL (migrated to Gravity - G)GAL

$2.5420

24h: +2.30%
Market cap: $60.90M
Volume 24h: $41
Volatility (ann.): 426%

MIDLE 0.0%Share of the two combined market caps100.0% GAL

Performance

MIDLEGAL

7 days-1.39%-8.33%MIDLE
30 days-2.45%-17.97%MIDLE

Correlation

0.07over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	MIDLE	GAL
Max drawdown (400d)	-2.8%	-64.9%
Risk-adjusted return (90d)	-0.33	-0.05

Relative strength over 90 days: MIDLE outperformed GAL by 16.0% — measured on the MIDLE/GAL ratio, so it holds regardless of market direction.

Midle →GAL (migrated to Gravity - G) →