Forma Robotics vs peaq

peaq (PEAQ) is 9537.8× the size of Forma Robotics (FORMA) by market capitalisation. Over the past 30 days, PEAQ is ahead by 67.2 percentage points (FORMA -35.8% against PEAQ +31.5%). Their daily returns move loosely together (correlation 0.39 across 20 shared trading days). PEAQ has been the more volatile of the two, at 159% annualised against FORMA's 128%.

Correlation: 0.39
Size ratio: 1 : 9537.8
Ahead over 30 days: PEAQ

Forma RoboticsFORMA

$8.829e-5

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

peaqPEAQ

$0.031766

24h: -1.97%
Market cap: $84.20M
Volume 24h: $2.60M
Volatility (ann.): 159%

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

Performance

FORMAPEAQ

7 days-17.29%-5.24%PEAQ
30 days-35.79%+31.45%PEAQ

Correlation

0.39over 20 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	PEAQ
Max drawdown (400d)	-53.3%	-33.1%
Risk-adjusted return (90d)	-0.35	0.54

Relative strength over 90 days: FORMA outperformed PEAQ by 4.3% — measured on the FORMA/PEAQ ratio, so it holds regardless of market direction.

Forma Robotics →peaq →