arcircle vs Arclight Finance

Arclight Finance (ARCLIGHT) is 2.7× the size of arcircle (ARCIRCLE) by market capitalisation. Over the past 30 days, ARCIRCLE is ahead by 80.5 percentage points (ARCIRCLE -15.0% against ARCLIGHT -95.5%). Their daily returns move barely together (correlation 0.15 across 43 shared trading days). ARCLIGHT has been the more volatile of the two, at 125275% annualised against ARCIRCLE's 422%.

Correlation: 0.15
Size ratio: 1 : 2.7
Ahead over 30 days: ARCIRCLE

arcircleARCIRCLE

$1.600e-5

24h: -17.39%
Market cap: $13,874
Volume 24h: $698
Volatility (ann.): 422%

Arclight FinanceARCLIGHT

$3.795e-5

24h: -68.50%
Market cap: $37,952
Volume 24h: $10,942
Volatility (ann.): 125275%

ARCIRCLE 26.8%Share of the two combined market caps73.2% ARCLIGHT

Performance

ARCIRCLEARCLIGHT

7 days-45.43%-84.29%ARCIRCLE
30 days-14.98%-95.49%ARCIRCLE

Correlation

0.15over 43 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	ARCIRCLE	ARCLIGHT
Max drawdown (400d)	-72.4%	-99.8%
Risk-adjusted return (90d)	-0.16	0.00

Relative strength over 90 days: ARCIRCLE outperformed ARCLIGHT by 454.6% — measured on the ARCIRCLE/ARCLIGHT ratio, so it holds regardless of market direction.

arcircle →Arclight Finance →