Pieverse (PIEVERSE) is 2710.7× the size of Agent Virtual Machine (AVM) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.45 across 31 shared trading days). AVM has been the more volatile of the two, at 1539% annualised against PIEVERSE's 144%.
AVMPIEVERSE
-0.45over 31 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 | AVM | PIEVERSE |
|---|---|---|
| Max drawdown (400d) | -99.7% | -38.7% |
| Risk-adjusted return (90d) | -0.04 | 0.28 |
Relative strength over 90 days: PIEVERSE outperformed AVM by 95.8% — measured on the AVM/PIEVERSE ratio, so it holds regardless of market direction.