Avive vs Grass

Grass (GRASS) is 4241.5× the size of Avive (AVIVE) by market capitalisation. Over the past 30 days, GRASS is ahead by 80.2 percentage points (AVIVE -2.0% against GRASS +78.2%). Their daily returns move barely in opposite directions (correlation -0.01 across 22 shared trading days). GRASS has been the more volatile of the two, at 212% annualised against AVIVE's 3%.

Correlation: -0.01
Size ratio: 1 : 4241.5
Ahead over 30 days: GRASS

AviveAVIVE

$3.184e-5

24h: +0.14%
Market cap: $91,327
Volume 24h: $22
Volatility (ann.): 3%

GrassGRASS

$0.536538

24h: -10.15%
Market cap: $387.36M
Volume 24h: $15.71M
Volatility (ann.): 212%

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

Performance

AVIVEGRASS

7 days-0.78%-15.26%AVIVE
30 days-2.00%+78.19%GRASS

Correlation

-0.01over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	AVIVE	GRASS
Max drawdown (400d)	-2.0%	-25.3%
Risk-adjusted return (90d)	-0.57	0.36

Relative strength over 90 days: AVIVE outperformed GRASS by 22.4% — measured on the AVIVE/GRASS ratio, so it holds regardless of market direction.

Avive →Grass →