Injective (INJ) is 22367.1× the size of Integritee (TEER) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 136 shared trading days). TEER has been the more volatile of the two, at 930% annualised against INJ's 101%.
TEERINJ
0.08over 136 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 | TEER | INJ |
|---|---|---|
| Max drawdown (400d) | -96.3% | -79.5% |
| Risk-adjusted return (90d) | 0.08 | 0.75 |
| Best 30 days (past year) | — | +92.8% |
| Worst 30 days (past year) | — | -46.8% |
Relative strength over 90 days: TEER outperformed INJ by 60.1% — measured on the TEER/INJ ratio, so it holds regardless of market direction.