Bear 89 Backpack vs GREEN MORNING

Bear 89 Backpack (BACKPACK) and GREEN MORNING (GM) compared side by side. Over the past 30 days, GM is ahead by 20.9 percentage points (BACKPACK -9.2% against GM +11.7%). Their daily returns move barely in opposite directions (correlation -0.07 across 30 shared trading days). GM has been the more volatile of the two, at 536887% annualised against BACKPACK's 22090%.

Correlation: -0.07
Ahead over 30 days: GM

Bear 89 BackpackBACKPACK

$1.351e-5

24h: -4.38%
Market cap: —
Volume 24h: $427
Volatility (ann.): 22090%

GREEN MORNINGGM

$0.003109

24h: +14.73%
Market cap: $3.11M
Volume 24h: $1.87M
Volatility (ann.): 536887%

BACKPACK 0.0%Share of the two combined market caps100.0% GM

Performance

BACKPACKGM

7 days-31.06%+12.55%GM
30 days-9.21%+11.68%GM

Correlation

-0.07over 30 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	BACKPACK	GM
Max drawdown (400d)	-98.8%	-100.0%
Risk-adjusted return (90d)	0.00	0.00

Relative strength over 90 days: GM outperformed BACKPACK by 97.4% — measured on the BACKPACK/GM ratio, so it holds regardless of market direction.

Bear 89 Backpack →GREEN MORNING →