Newrails Euro vs Monerium EUR emoney [OLD]

Monerium EUR emoney [OLD] (EURE) is 72.4× the size of Newrails Euro (EURW) by market capitalisation. Over the past 30 days, EURW is ahead by 0.0 percentage points (EURW -3.4% against EURE -3.4%). Their daily returns move very closely together (correlation 0.91 across 35 shared trading days). EURW has been the more volatile of the two, at 14% annualised against EURE's 9%.

Correlation: 0.91
Size ratio: 1 : 72.4
Ahead over 30 days: EURW

Newrails EuroEURW

$1.1200

24h: +0.16%
Market cap: $315,095
Volume 24h: $4.13M
Volatility (ann.): 14%

Monerium EUR emoney [OLD]EURE

$1.1200

24h: +0.21%
Market cap: $22.82M
Volume 24h: $406,758
Volatility (ann.): 9%

EURW 1.4%Share of the two combined market caps98.6% EURE

Performance

EURWEURE

7 days+0.90%+0.90%EURW
30 days-3.45%-3.45%EURW

Correlation

0.91over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9190d: 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	EURW	EURE
Max drawdown (400d)	-5.2%	-4.3%
Risk-adjusted return (90d)	-0.24	-0.38

Relative strength over 90 days: EURW outperformed EURE by 0.0% — measured on the EURW/EURE ratio, so it holds regardless of market direction.

Newrails Euro →Monerium EUR emoney [OLD] →