Alchemy Pay (ACH) and Amp (AMP) compared side by side. Over the past 1 year, AMP is ahead by 6.1 percentage points (ACH -76.2% against AMP -70.1%). Their daily returns move loosely together (correlation 0.40 across 373 shared trading days). AMP has been the more volatile of the two, at 97% annualised against ACH's 83%.
ACHAMP
0.40over 373 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 | ACH | AMP |
|---|---|---|
| Max drawdown (400d) | -78.8% | -88.8% |
| Risk-adjusted return (90d) | 0.05 | 0.47 |
| Best 30 days (past year) | +62.8% | +89.6% |
| Worst 30 days (past year) | -41.8% | -45.8% |
Relative strength over 90 days: AMP outperformed ACH by 33.5% — measured on the ACH/AMP ratio, so it holds regardless of market direction.