Magpie vs Olympus

Olympus (OHM) is 25022.2× the size of Magpie (MAGPIE) by market capitalisation. Over the past 30 days, OHM is ahead by 70.5 percentage points (MAGPIE -85.8% against OHM -15.3%). Their daily returns move barely in opposite directions (correlation -0.08 across 21 shared trading days). MAGPIE has been the more volatile of the two, at 214% annualised against OHM's 32%.

Correlation: -0.08
Size ratio: 1 : 25022.2
Ahead over 30 days: OHM

MagpieMAGPIE

$1.048e-5

24h: -5.43%
Market cap: $10,255
Volume 24h: $34
Volatility (ann.): 214%

OlympusOHM

$17.1800

24h: -5.89%
Market cap: $256.59M
Volume 24h: $808,294
Volatility (ann.): 32%

MAGPIE 0.0%Share of the two combined market caps100.0% OHM

Performance

MAGPIEOHM

7 days-6.15%-8.74%MAGPIE
30 days-85.76%-15.30%OHM

Correlation

-0.08over 21 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	MAGPIE	OHM
Max drawdown (400d)	-86.4%	-16.2%
Risk-adjusted return (90d)	-0.40	-0.22

Relative strength over 90 days: OHM outperformed MAGPIE by 69.3% — measured on the MAGPIE/OHM ratio, so it holds regardless of market direction.

Magpie →Olympus →