Synapse Power vs Grass

Grass (GRASS) is 277570.1× the size of Synapse Power (XNAP) by market capitalisation. Over the past 30 days, GRASS is ahead by 172.3 percentage points (XNAP -99.9% against GRASS +72.4%). Their daily returns move barely in opposite directions (correlation -0.19 across 26 shared trading days). XNAP has been the more volatile of the two, at 328% annualised against GRASS's 213%.

Correlation: -0.19
Size ratio: 1 : 277570.1
Ahead over 30 days: GRASS

Synapse PowerXNAP

$1.037e-5

24h: —
Market cap: $1,566
Volume 24h: —
Volatility (ann.): 328%

GrassGRASS

$0.601934

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

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

Performance

XNAPGRASS

7 days-99.91%-23.53%GRASS
30 days-99.91%+72.43%GRASS

Correlation

-0.19over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1990d: 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	XNAP	GRASS
Max drawdown (400d)	-99.9%	-25.3%
Risk-adjusted return (90d)	-0.30	0.35

Relative strength over 90 days: GRASS outperformed XNAP by 100.0% — measured on the XNAP/GRASS ratio, so it holds regardless of market direction.

Synapse Power →Grass →