Gemach vs Pieverse

Pieverse (PIEVERSE) is 2569.5× the size of Gemach (GMAC) by market capitalisation. Over the past 30 days, PIEVERSE is ahead by 18.6 percentage points (GMAC -17.8% against PIEVERSE +0.8%). Their daily returns move barely together (correlation 0.22 across 20 shared trading days). PIEVERSE has been the more volatile of the two, at 144% annualised against GMAC's 42%.

Correlation: 0.22
Size ratio: 1 : 2569.5
Ahead over 30 days: PIEVERSE

GemachGMAC

$0.000277

24h: —
Market cap: $138,356
Volume 24h: $220
Volatility (ann.): 42%

PieversePIEVERSE

$1.2900

24h: +12.08%
Market cap: $355.50M
Volume 24h: $13.17M
Volatility (ann.): 144%

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

Performance

GMACPIEVERSE

7 days-4.00%+14.98%PIEVERSE
30 days-17.77%+0.85%PIEVERSE

Correlation

0.22over 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	GMAC	PIEVERSE
Max drawdown (400d)	-21.1%	-38.7%
Risk-adjusted return (90d)	-0.42	0.28

Relative strength over 90 days: PIEVERSE outperformed GMAC by 9.0% — measured on the GMAC/PIEVERSE ratio, so it holds regardless of market direction.

Gemach →Pieverse →