Grey Goo vs GREEN MORNING

GREEN MORNING (GM) is 1.5× the size of Grey Goo (GOO) by market capitalisation. Over the past 30 days, GOO is ahead by 150.1 percentage points (GOO +50.3% against GM -99.8%). Their daily returns move barely together (correlation 0.17 across 42 shared trading days). GM has been the more volatile of the two, at 554548% annualised against GOO's 91%.

Correlation: 0.17
Size ratio: 1 : 1.5
Ahead over 30 days: GOO

Grey GooGOO

$0.002087

24h: -1.09%
Market cap: $2.08M
Volume 24h: $17,380
Volatility (ann.): 91%

GREEN MORNINGGM

$0.003109

24h: +14.73%
Market cap: $3.11M
Volume 24h: $1.87M
Volatility (ann.): 554548%

GOO 40.1%Share of the two combined market caps59.9% GM

Performance

GOOGM

7 days-0.05%-99.29%GOO
30 days+50.25%-99.81%GOO

Correlation

0.17over 42 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	GOO	GM
Max drawdown (400d)	-16.7%	-100.0%
Risk-adjusted return (90d)	0.63	0.00

Relative strength over 90 days: GOO outperformed GM by 28.8% — measured on the GOO/GM ratio, so it holds regardless of market direction.

Grey Goo →GREEN MORNING →