Forma Robotics vs Geodnet

Geodnet (GEOD) is 19779.2× the size of Forma Robotics (FORMA) by market capitalisation. Over the past 30 days, GEOD is ahead by 45.4 percentage points (FORMA -35.8% against GEOD +9.6%). Their daily returns move barely together (correlation 0.17 across 21 shared trading days). FORMA has been the more volatile of the two, at 128% annualised against GEOD's 74%.

Correlation: 0.17
Size ratio: 1 : 19779.2
Ahead over 30 days: GEOD

Forma RoboticsFORMA

$8.829e-5

24h: +24.25%
Market cap: $8,828
Volume 24h: $216
Volatility (ann.): 128%

GeodnetGEOD

$0.234159

24h: -0.34%
Market cap: $174.61M
Volume 24h: $1.32M
Volatility (ann.): 74%

FORMA 0.0%Share of the two combined market caps100.0% GEOD

Performance

FORMAGEOD

7 days-17.29%-8.30%GEOD
30 days-35.79%+9.61%GEOD

Correlation

0.17over 21 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	FORMA	GEOD
Max drawdown (400d)	-53.3%	-18.1%
Risk-adjusted return (90d)	-0.35	0.18

Relative strength over 90 days: GEOD outperformed FORMA by 15.8% — measured on the FORMA/GEOD ratio, so it holds regardless of market direction.

Forma Robotics →Geodnet →