Artificial Inu (AI) is 561.6× the size of PerpsHood (PERPSHOOD) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 39 shared trading days). PERPSHOOD has been the more volatile of the two, at 2471% annualised against AI's 104%.
PERPSHOODAI
-0.03over 39 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 | PERPSHOOD | AI |
|---|---|---|
| Max drawdown (400d) | -97.4% | -86.9% |
| Risk-adjusted return (90d) | -0.03 | 0.01 |
| Best 30 days (past year) | — | +59.8% |
| Worst 30 days (past year) | — | -49.3% |
Relative strength over 90 days: AI outperformed PERPSHOOD by 63.6% — measured on the PERPSHOOD/AI ratio, so it holds regardless of market direction.