MX vs WhiteBIT Coin

WhiteBIT Coin (WBT) is 61.1× the size of MX (MX) by market capitalisation. Over the past 30 days, WBT is ahead by 4.0 percentage points (MX -10.7% against WBT -6.8%). Their daily returns move barely together (correlation 0.12 across 56 shared trading days). WBT has been the more volatile of the two, at 59% annualised against MX's 41%.

Correlation: 0.12
Size ratio: 1 : 61.1
Ahead over 30 days: WBT

MXMX

$1.5900

24h: +0.31%
Market cap: $146.05M
Volume 24h: $4.37M
Volatility (ann.): 41%

WhiteBIT CoinWBT

$75.2300

24h: +1.34%
Market cap: $8.93B
Volume 24h: $130.83M
Volatility (ann.): 59%

MX 1.6%Share of the two combined market caps98.4% WBT

Performance

MXWBT

7 days+1.94%-3.75%MX
30 days-10.73%-6.78%WBT

Correlation

0.12over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	MX	WBT
Max drawdown (400d)	-20.5%	-12.4%
Risk-adjusted return (90d)	-0.07	0.62

Relative strength over 90 days: WBT outperformed MX by 28.0% — measured on the MX/WBT ratio, so it holds regardless of market direction.

MX →WhiteBIT Coin →