SINO vs Grass

Grass (GRASS) is 64.0× the size of SINO (SINO) by market capitalisation. Over the past 30 days, GRASS is ahead by 78.4 percentage points (SINO -6.0% against GRASS +72.4%). Their daily returns move barely together (correlation 0.29 across 33 shared trading days). GRASS has been the more volatile of the two, at 213% annualised against SINO's 21%.

Correlation: 0.29
Size ratio: 1 : 64.0
Ahead over 30 days: GRASS

SINOSINO

$0.006822

24h: -0.16%
Market cap: $6.79M
Volume 24h: $2,550
Volatility (ann.): 21%

GrassGRASS

$0.601934

24h: +6.57%
Market cap: $434.65M
Volume 24h: $21.69M
Volatility (ann.): 213%

SINO 1.5%Share of the two combined market caps98.5% GRASS

Performance

SINOGRASS

7 days-2.92%-23.53%SINO
30 days-5.99%+72.43%GRASS

Correlation

0.29over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	SINO	GRASS
Max drawdown (400d)	-9.4%	-25.3%
Risk-adjusted return (90d)	-0.29	0.35

Relative strength over 90 days: GRASS outperformed SINO by 40.7% — measured on the SINO/GRASS ratio, so it holds regardless of market direction.

SINO →Grass →