ECOMI (OMI) is 2.0× the size of Moca Network (MOCA) by market capitalisation. Over the past 30 days, OMI is ahead by 22.1 percentage points (MOCA -11.6% against OMI +10.5%). Their daily returns move barely together (correlation 0.02 across 52 shared trading days). Both have run at a similar volatility, around 86% annualised.
MOCAOMI
0.02over 52 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 | MOCA | OMI |
|---|---|---|
| Max drawdown (400d) | -27.8% | -28.3% |
| Risk-adjusted return (90d) | -0.07 | 0.22 |
Relative strength over 90 days: OMI outperformed MOCA by 17.9% — measured on the MOCA/OMI ratio, so it holds regardless of market direction.