GIWA (GIWA) and GREEN MORNING (GM) compared side by side. Over the past 30 days, GIWA is ahead by 86.1 percentage points (GIWA -13.7% against GM -99.8%). Their daily returns move barely in opposite directions (correlation -0.14 across 42 shared trading days). GM has been the more volatile of the two, at 554548% annualised against GIWA's 253%.
GIWAGM
-0.14over 42 shared trading days
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.
| Metric | GIWA | GM |
|---|---|---|
| Max drawdown (400d) | -61.6% | -100.0% |
| Risk-adjusted return (90d) | -0.10 | 0.00 |
Relative strength over 90 days: GM outperformed GIWA by 39.3% — measured on the GIWA/GM ratio, so it holds regardless of market direction.