The Graph (GRT) is 10.9× the size of ao Computer (AO) by market capitalisation. Over the past 1 year, AO is ahead by 31.5 percentage points (AO -33.9% against GRT -65.4%). Their daily returns move loosely together (correlation 0.40 across 365 shared trading days). AO has been the more volatile of the two, at 123% annualised against GRT's 85%.
AOGRT
0.40over 365 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 | AO | GRT |
|---|---|---|
| Max drawdown (400d) | -83.2% | -85.1% |
| Risk-adjusted return (90d) | 0.88 | 0.30 |
| Best 30 days (past year) | — | +115.0% |
| Worst 30 days (past year) | — | -41.8% |
Relative strength over 90 days: AO outperformed GRT by 66.8% — measured on the AO/GRT ratio, so it holds regardless of market direction.