ARGUS EARN (ARGEN) and Arclight Finance (ARCLIGHT) compared side by side. Over the past 30 days, ARGEN is ahead by 3.2 percentage points (ARGEN -92.3% against ARCLIGHT -95.5%). Their daily returns move barely together (correlation 0.23 across 26 shared trading days). ARCLIGHT has been the more volatile of the two, at 125275% annualised against ARGEN's 348%.
$3.795e-5
ARGENARCLIGHT
0.23over 26 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 | ARGEN | ARCLIGHT |
|---|---|---|
| Max drawdown (400d) | -92.3% | -99.8% |
| Risk-adjusted return (90d) | -0.27 | 0.00 |
Relative strength over 90 days: ARGEN outperformed ARCLIGHT by 35.0% — measured on the ARGEN/ARCLIGHT ratio, so it holds regardless of market direction.