Alchemist AI vs Grass

Grass (GRASS) is 11.2× the size of Alchemist AI (ALCH) by market capitalisation. Over the past 30 days, GRASS is ahead by 77.5 percentage points (ALCH -5.1% against GRASS +72.4%). Their daily returns move closely together (correlation 0.72 across 47 shared trading days). Both have run at a similar volatility, around 200% annualised.

Correlation: 0.72
Size ratio: 1 : 11.2
Ahead over 30 days: GRASS

Alchemist AIALCH

$0.037969

24h: +4.15%
Market cap: $37.97M
Volume 24h: $1.15M
Volatility (ann.): 186%

GrassGRASS

$0.589576

24h: +2.31%
Market cap: $425.81M
Volume 24h: $20.27M
Volatility (ann.): 213%

ALCH 8.2%Share of the two combined market caps91.8% GRASS

Performance

ALCHGRASS

7 days+0.87%-23.53%ALCH
30 days-5.11%+72.43%GRASS

Correlation

0.72over 47 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7390d: 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	ALCH	GRASS
Max drawdown (400d)	-40.5%	-25.3%
Risk-adjusted return (90d)	0.22	0.35

Relative strength over 90 days: GRASS outperformed ALCH by 24.4% — measured on the ALCH/GRASS ratio, so it holds regardless of market direction.

Alchemist AI →Grass →