Mr. Miggles vs SPX6900

SPX6900 (SPX) is 294.2× the size of Mr. Miggles (MIGGLES) by market capitalisation. Over the past 30 days, SPX is ahead by 20.4 percentage points (MIGGLES -44.7% against SPX -24.3%). Their daily returns move loosely together (correlation 0.41 across 30 shared trading days). MIGGLES has been the more volatile of the two, at 189% annualised against SPX's 113%.

Correlation: 0.41
Size ratio: 1 : 294.2
Ahead over 30 days: SPX

Mr. MigglesMIGGLES

$0.001219

24h: -0.96%
Market cap: $1.17M
Volume 24h: $2,987
Volatility (ann.): 189%

SPX6900SPX

$0.369176

24h: +3.41%
Market cap: $343.70M
Volume 24h: $8.22M
Volatility (ann.): 113%

MIGGLES 0.3%Share of the two combined market caps99.7% SPX

Performance

MIGGLESSPX

7 days-2.70%-3.77%MIGGLES
30 days-44.71%-24.31%SPX

Correlation

0.41over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 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	MIGGLES	SPX
Max drawdown (400d)	-60.9%	-42.9%
Risk-adjusted return (90d)	-0.32	0.14

Relative strength over 90 days: SPX outperformed MIGGLES by 38.7% — measured on the MIGGLES/SPX ratio, so it holds regardless of market direction.

Mr. Miggles →SPX6900 →