Agraris (AGRARIS) and torch (TORCH) compared side by side. Over the past 30 days, TORCH is ahead by 49.5 percentage points (AGRARIS -36.1% against TORCH +13.4%). Their daily returns move barely in opposite directions (correlation -0.01 across 32 shared trading days). TORCH has been the more volatile of the two, at 1536614% annualised against AGRARIS's 800%.
AGRARISTORCH
-0.01over 32 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 | AGRARIS | TORCH |
|---|---|---|
| Max drawdown (400d) | -59.6% | -100.0% |
| Risk-adjusted return (90d) | -0.02 | 0.00 |
Relative strength over 90 days: TORCH outperformed AGRARIS by 77.2% — measured on the AGRARIS/TORCH ratio, so it holds regardless of market direction.