PINGPONG vs Grass

Grass (GRASS) is 105933.2× the size of PINGPONG (PINGPONG) by market capitalisation. Over the past 30 days, GRASS is ahead by 112.8 percentage points (PINGPONG -34.6% against GRASS +78.2%). Their daily returns move barely together (correlation 0.27 across 20 shared trading days). PINGPONG has been the more volatile of the two, at 550% annualised against GRASS's 212%.

Correlation: 0.27
Size ratio: 1 : 105933.2
Ahead over 30 days: GRASS

PINGPONGPINGPONG

$1.662e-5

24h: —
Market cap: $3,939
Volume 24h: —
Volatility (ann.): 550%

GrassGRASS

$0.577916

24h: +4.99%
Market cap: $417.23M
Volume 24h: $22.08M
Volatility (ann.): 212%

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

Performance

PINGPONGGRASS

7 days-0.54%-15.26%PINGPONG
30 days-34.56%+78.19%GRASS

Correlation

0.27over 20 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	PINGPONG	GRASS
Max drawdown (400d)	-64.2%	-25.3%
Risk-adjusted return (90d)	-0.06	0.36

Relative strength over 90 days: GRASS outperformed PINGPONG by 11.6% — measured on the PINGPONG/GRASS ratio, so it holds regardless of market direction.

PINGPONG →Grass →