Morphware vs Grass

Grass (GRASS) is 3479.3× the size of Morphware (XMW) by market capitalisation. Over the past 30 days, GRASS is ahead by 90.1 percentage points (XMW -11.9% against GRASS +78.2%). Their daily returns move barely together (correlation 0.01 across 22 shared trading days). GRASS has been the more volatile of the two, at 212% annualised against XMW's 50%.

Correlation: 0.01
Size ratio: 1 : 3479.3
Ahead over 30 days: GRASS

MorphwareXMW

$0.000161

24h: +7.01%
Market cap: $104,595
Volume 24h: $213
Volatility (ann.): 50%

GrassGRASS

$0.503953

24h: -12.26%
Market cap: $363.92M
Volume 24h: $19.30M
Volatility (ann.): 212%

XMW 0.0%Share of the two combined market caps100.0% GRASS

Performance

XMWGRASS

7 days+2.74%-15.26%XMW
30 days-11.95%+78.19%GRASS

Correlation

0.01over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	XMW	GRASS
Max drawdown (400d)	-20.0%	-25.3%
Risk-adjusted return (90d)	-0.25	0.36

Relative strength over 90 days: XMW outperformed GRASS by 18.8% — measured on the XMW/GRASS ratio, so it holds regardless of market direction.

Morphware →Grass →