Pieverse (PIEVERSE) is 7938.0× the size of HEXAR AI (HEXAR) by market capitalisation. Their daily returns move loosely together (correlation 0.55 across 28 shared trading days). Both have run at a similar volatility, around 148% annualised.
HEXARPIEVERSE
0.55over 28 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 | HEXAR | PIEVERSE |
|---|---|---|
| Max drawdown (400d) | -77.3% | -38.7% |
| Risk-adjusted return (90d) | -0.08 | 0.28 |
Relative strength over 90 days: HEXAR outperformed PIEVERSE by 24.5% — measured on the HEXAR/PIEVERSE ratio, so it holds regardless of market direction.