OmegaX Health vs Venice Token

Venice Token (VVV) is 56704.0× the size of OmegaX Health (OMEGAX) by market capitalisation. Over the past 30 days, VVV is ahead by 26.3 percentage points (OMEGAX -32.6% against VVV -6.3%). Their daily returns move barely in opposite directions (correlation -0.29 across 24 shared trading days). VVV has been the more volatile of the two, at 168% annualised against OMEGAX's 117%.

Correlation: -0.29
Size ratio: 1 : 56704.0
Ahead over 30 days: VVV

OmegaX HealthOMEGAX

$1.787e-5

24h: -5.96%
Market cap: $17,872
Volume 24h: $5
Volatility (ann.): 117%

Venice TokenVVV

$20.7200

24h: -5.40%
Market cap: $1.01B
Volume 24h: $45.76M
Volatility (ann.): 168%

OMEGAX 0.0%Share of the two combined market caps100.0% VVV

Performance

OMEGAXVVV

7 days-23.02%-7.00%VVV
30 days-32.57%-6.29%VVV

Correlation

-0.29over 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	OMEGAX	VVV
Max drawdown (400d)	-36.6%	-31.1%
Risk-adjusted return (90d)	-0.22	0.45

Relative strength over 90 days: VVV outperformed OMEGAX by 11.3% — measured on the OMEGAX/VVV ratio, so it holds regardless of market direction.

OmegaX Health →Venice Token →