Archemist (ARCH) and Arclight Finance (ARCLIGHT) compared side by side. Over the past 30 days, ARCH is ahead by 30.3 percentage points (ARCH -65.2% against ARCLIGHT -95.5%). Their daily returns move barely together (correlation 0.00 across 28 shared trading days). ARCLIGHT has been the more volatile of the two, at 125275% annualised against ARCH's 94%.
$3.795e-5
ARCHARCLIGHT
0.00over 28 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 | ARCH | ARCLIGHT |
|---|---|---|
| Max drawdown (400d) | -65.2% | -99.8% |
| Risk-adjusted return (90d) | -0.69 | 0.00 |
Relative strength over 90 days: ARCH outperformed ARCLIGHT by 506.1% — measured on the ARCH/ARCLIGHT ratio, so it holds regardless of market direction.