software.ai vs Fake World Assets

Fake World Assets (FWA) is 66.1× the size of software.ai (SOFTWARE.AI) by market capitalisation. Over the past 30 days, SOFTWARE.AI is ahead by 67.2 percentage points (SOFTWARE.AI +3.9% against FWA -63.3%). Their daily returns move barely together (correlation 0.18 across 28 shared trading days). FWA has been the more volatile of the two, at 359% annualised against SOFTWARE.AI's 76%.

Correlation: 0.18
Size ratio: 1 : 66.1
Ahead over 30 days: SOFTWARE.AI

software.aiSOFTWARE.AI

$0.283541

24h: +3.24%
Market cap: $75,356
Volume 24h: $20,239
Volatility (ann.): 76%

Fake World AssetsFWA

$0.005036

24h: +9.54%
Market cap: $4.98M
Volume 24h: $70,433
Volatility (ann.): 359%

SOFTWARE.AI 1.5%Share of the two combined market caps98.5% FWA

Performance

SOFTWARE.AIFWA

7 days+3.51%-28.32%SOFTWARE.AI
30 days+3.87%-63.30%SOFTWARE.AI

Correlation

0.18over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	SOFTWARE.AI	FWA
Max drawdown (400d)	-10.7%	-80.2%
Risk-adjusted return (90d)	0.05	-0.20

Relative strength over 90 days: FWA outperformed SOFTWARE.AI by 26.6% — measured on the SOFTWARE.AI/FWA ratio, so it holds regardless of market direction.

software.ai →Fake World Assets →