musemrkt (MUSEMRKT) and GREEN MORNING (GM) compared side by side. Their daily returns move closely together (correlation 0.72 across 24 shared trading days). GM has been the more volatile of the two, at 548472% annualised against MUSEMRKT's 1051%.
MUSEMRKTGM
0.72over 24 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 | MUSEMRKT | GM |
|---|---|---|
| Max drawdown (400d) | -93.1% | -100.0% |
| Risk-adjusted return (90d) | -0.09 | 0.00 |
Relative strength over 90 days: GM outperformed MUSEMRKT by 100.0% — measured on the MUSEMRKT/GM ratio, so it holds regardless of market direction.