Arai vs Pieverse

Pieverse (PIEVERSE) is 18776.3× the size of Arai (AA) by market capitalisation. Over the past 30 days, PIEVERSE is ahead by 59.3 percentage points (AA -64.2% against PIEVERSE -4.9%). Their daily returns move loosely together (correlation 0.58 across 26 shared trading days). AA has been the more volatile of the two, at 289% annualised against PIEVERSE's 145%.

Correlation: 0.58
Size ratio: 1 : 18776.3
Ahead over 30 days: PIEVERSE

AraiAA

$0.000120

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

PieversePIEVERSE

$1.1800

24h: +1.68%
Market cap: $325.21M
Volume 24h: $6.21M
Volatility (ann.): 145%

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

Performance

AAPIEVERSE

7 days-64.24%+10.79%PIEVERSE
30 days-64.18%-4.92%PIEVERSE

Correlation

0.58over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5890d: 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	PIEVERSE
Max drawdown (400d)	-72.7%	-38.7%
Risk-adjusted return (90d)	-0.21	0.25

Relative strength over 90 days: PIEVERSE outperformed AA by 66.4% — measured on the AA/PIEVERSE ratio, so it holds regardless of market direction.

Arai →Pieverse →