Midnight vs BULLA

BULLA (BULLA) is 400.1× the size of Midnight (NIGHT) by market capitalisation. Over the past 30 days, BULLA is ahead by 28.7 percentage points (NIGHT -38.1% against BULLA -9.4%). Their daily returns move barely together (correlation 0.19 across 21 shared trading days). BULLA has been the more volatile of the two, at 617% annualised against NIGHT's 107%.

Correlation: 0.19
Size ratio: 1 : 400.1
Ahead over 30 days: BULLA

MidnightNIGHT

$6.200e-6

24h: -7.29%
Market cap: $61,987
Volume 24h: $521
Volatility (ann.): 107%

BULLABULLA

$0.062396

24h: -10.07%
Market cap: $24.80M
Volume 24h: $1.68M
Volatility (ann.): 617%

NIGHT 0.2%Share of the two combined market caps99.8% BULLA

Performance

NIGHTBULLA

7 days-8.75%-6.28%BULLA
30 days-38.14%-9.41%BULLA

Correlation

0.19over 21 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	NIGHT	BULLA
Max drawdown (400d)	-38.1%	-55.1%
Risk-adjusted return (90d)	-0.17	0.46

Relative strength over 90 days: BULLA outperformed NIGHT by 28.9% — measured on the NIGHT/BULLA ratio, so it holds regardless of market direction.

Midnight →BULLA →