MultiversX (EGLD) is 3209.6× the size of singularity-engine (SINGULARITY-ENGINE) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 164 shared trading days). SINGULARITY-ENGINE has been the more volatile of the two, at 1596% annualised against EGLD's 89%.
$3.082e-7
SINGULARITY-ENGINEEGLD
-0.01over 164 shared trading days
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.
| Metric | SINGULARITY-ENGINE | EGLD |
|---|---|---|
| Max drawdown (400d) | -98.5% | -82.3% |
| Risk-adjusted return (90d) | -0.02 | 0.20 |
| Best 30 days (past year) | — | +95.7% |
| Worst 30 days (past year) | — | -41.5% |
Relative strength over 90 days: SINGULARITY-ENGINE outperformed EGLD by 21.6% — measured on the SINGULARITY-ENGINE/EGLD ratio, so it holds regardless of market direction.