Arai vs Grass

Grass (GRASS) is 24252.4× the size of Arai (AA) by market capitalisation. Over the past 30 days, GRASS is ahead by 136.6 percentage points (AA -64.2% against GRASS +72.4%). Their daily returns move barely together (correlation 0.07 across 27 shared trading days). AA has been the more volatile of the two, at 289% annualised against GRASS's 213%.

Correlation: 0.07
Size ratio: 1 : 24252.4
Ahead over 30 days: GRASS

AraiAA

$0.000120

24h: —
Market cap: $17,320
Volume 24h: —
Volatility (ann.): 289%

GrassGRASS

$0.581581

24h: +2.16%
Market cap: $420.06M
Volume 24h: $20.04M
Volatility (ann.): 213%

AA 0.0%Share of the two combined market caps100.0% GRASS

Performance

AAGRASS

7 days-64.24%-23.53%GRASS
30 days-64.18%+72.43%GRASS

Correlation

0.07over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	AA	GRASS
Max drawdown (400d)	-72.7%	-25.3%
Risk-adjusted return (90d)	-0.21	0.35

Relative strength over 90 days: GRASS outperformed AA by 76.1% — measured on the AA/GRASS ratio, so it holds regardless of market direction.

Arai →Grass →