MooMoo Token vs Tether

Tether (USDT) is 280046.8× the size of MooMoo Token (MOO) by market capitalisation. Over the past 30 days, USDT is ahead by 7.5 percentage points (MOO -7.5% against USDT -0.0%). Their daily returns move barely together (correlation 0.26 across 24 shared trading days). MOO has been the more volatile of the two, at 49% annualised against USDT's 1%.

Correlation: 0.26
Size ratio: 1 : 280046.8
Ahead over 30 days: USDT

MooMoo TokenMOO

$0.000784

24h: +5.58%
Market cap: $636,564
Volume 24h: $3,775
Volatility (ann.): 49%

TetherUSDT

$0.999405

24h: +0.05%
Market cap: $178.27B
Volume 24h: $63.70B
Volatility (ann.): 1%

MOO 0.0%Share of the two combined market caps100.0% USDT

Performance

MOOUSDT

7 days-6.43%+0.03%USDT
30 days-7.53%-0.04%USDT

Correlation

0.26over 24 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	MOO	USDT
Max drawdown (400d)	-12.6%	-0.2%
Risk-adjusted return (90d)	-0.17	0.03

Relative strength over 90 days: USDT outperformed MOO by 2.6% — measured on the MOO/USDT ratio, so it holds regardless of market direction.

MooMoo Token →Tether →