Kohenoor vs Pieverse

Pieverse (PIEVERSE) is 290.0× the size of Kohenoor (KEN) by market capitalisation. Over the past 30 days, KEN is ahead by 2.2 percentage points (KEN -2.7% against PIEVERSE -4.9%). Their daily returns move barely in opposite directions (correlation -0.03 across 29 shared trading days). PIEVERSE has been the more volatile of the two, at 145% annualised against KEN's 59%.

Correlation: -0.03
Size ratio: 1 : 290.0
Ahead over 30 days: KEN

KohenoorKEN

$37.2600

24h: +0.03%
Market cap: $1.12M
Volume 24h: $96
Volatility (ann.): 59%

PieversePIEVERSE

$1.1800

24h: +1.52%
Market cap: $324.21M
Volume 24h: $7.08M
Volatility (ann.): 145%

KEN 0.3%Share of the two combined market caps99.7% PIEVERSE

Performance

KENPIEVERSE

7 days-0.64%+10.79%PIEVERSE
30 days-2.69%-4.92%KEN

Correlation

-0.03over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	KEN	PIEVERSE
Max drawdown (400d)	-18.6%	-38.7%
Risk-adjusted return (90d)	-0.16	0.25

Relative strength over 90 days: PIEVERSE outperformed KEN by 20.8% — measured on the KEN/PIEVERSE ratio, so it holds regardless of market direction.

Kohenoor →Pieverse →