Grass (GRASS) is 60.2× the size of AITECH Cloud Network (ACN) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 45 shared trading days). GRASS has been the more volatile of the two, at 213% annualised against ACN's 56%.
ACNGRASS
0.36over 45 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 | ACN | GRASS |
|---|---|---|
| Max drawdown (400d) | -73.7% | -25.3% |
| Risk-adjusted return (90d) | -0.74 | 0.35 |
Relative strength over 90 days: GRASS outperformed ACN by 52.7% — measured on the ACN/GRASS ratio, so it holds regardless of market direction.