Render (RENDER) is 259.6× the size of Minutes Network Token (MNTX) by market capitalisation. Over the past 1 year, RENDER is ahead by 57.6 percentage points (MNTX -83.1% against RENDER -25.5%). Their daily returns move barely together (correlation 0.24 across 373 shared trading days). MNTX has been the more volatile of the two, at 144% annualised against RENDER's 95%.
MNTXRENDER
0.24over 373 shared trading days
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.
| Metric | MNTX | RENDER |
|---|---|---|
| Max drawdown (400d) | -87.5% | -66.8% |
| Risk-adjusted return (90d) | -0.47 | 0.17 |
| Best 30 days (past year) | +162.2% | +82.4% |
| Worst 30 days (past year) | -53.0% | -49.7% |
Relative strength over 90 days: RENDER outperformed MNTX by 25.7% — measured on the MNTX/RENDER ratio, so it holds regardless of market direction.