Project Mars (DRILL) and GREEN MORNING (GM) compared side by side. Over the past 30 days, DRILL is ahead by 40.9 percentage points (DRILL -58.9% against GM -99.8%). Their daily returns move barely together (correlation 0.02 across 43 shared trading days). GM has been the more volatile of the two, at 548472% annualised against DRILL's 129%.
DRILLGM
0.02over 43 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 | DRILL | GM |
|---|---|---|
| Max drawdown (400d) | -86.6% | -100.0% |
| Risk-adjusted return (90d) | -0.67 | 0.00 |
Relative strength over 90 days: GM outperformed DRILL by 88.8% — measured on the DRILL/GM ratio, so it holds regardless of market direction.