Arena Of Faith (ACP) and The Sandbox (SAND) compared side by side. Over the past 1 year, ACP is ahead by 371.9 percentage points (ACP +297.1% against SAND -74.8%). Their daily returns move barely in opposite directions (correlation -0.01 across 365 shared trading days). ACP has been the more volatile of the two, at 1147% annualised against SAND's 103%.
ACPSAND
-0.01over 365 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 | ACP | SAND |
|---|---|---|
| Max drawdown (400d) | -97.9% | -88.4% |
| Risk-adjusted return (90d) | -0.38 | 0.07 |
| Best 30 days (past year) | — | +94.1% |
| Worst 30 days (past year) | — | -48.8% |
Relative strength over 90 days: SAND outperformed ACP by 86.2% — measured on the ACP/SAND ratio, so it holds regardless of market direction.