Waveform by Virtuals vs Venice Token

Venice Token (VVV) is 593.2× the size of Waveform by Virtuals (WAVE) by market capitalisation. Over the past 30 days, VVV is ahead by 29.0 percentage points (WAVE -31.8% against VVV -2.8%). Their daily returns move loosely together (correlation 0.54 across 25 shared trading days). VVV has been the more volatile of the two, at 170% annualised against WAVE's 120%.

Correlation: 0.54
Size ratio: 1 : 593.2
Ahead over 30 days: VVV

Waveform by VirtualsWAVE

$0.001907

24h: +0.13%
Market cap: $1.91M
Volume 24h: $14
Volatility (ann.): 120%

Venice TokenVVV

$23.1800

24h: +4.53%
Market cap: $1.13B
Volume 24h: $41.37M
Volatility (ann.): 170%

WAVE 0.2%Share of the two combined market caps99.8% VVV

Performance

WAVEVVV

7 days-31.95%-12.69%VVV
30 days-31.77%-2.78%VVV

Correlation

0.54over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 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	WAVE	VVV
Max drawdown (400d)	-44.5%	-29.6%
Risk-adjusted return (90d)	-0.36	0.54

Relative strength over 90 days: VVV outperformed WAVE by 57.0% — measured on the WAVE/VVV ratio, so it holds regardless of market direction.

Waveform by Virtuals →Venice Token →