Ballast vs torch

Ballast (BALLAST) and torch (TORCH) compared side by side. Over the past 30 days, TORCH is ahead by 66.6 percentage points (BALLAST -56.6% against TORCH +10.0%). Their daily returns move barely in opposite directions (correlation -0.12 across 31 shared trading days). TORCH has been the more volatile of the two, at 1513083% annualised against BALLAST's 1484%.

Correlation: -0.12
Ahead over 30 days: TORCH

BallastBALLAST

$1.995e-5

24h: -34.25%
Market cap: —
Volume 24h: $1,737
Volatility (ann.): 1484%

torchTORCH

$0.004299

24h: -18.98%
Market cap: $4.30M
Volume 24h: $356,785
Volatility (ann.): 1513083%

BALLAST 0.0%Share of the two combined market caps100.0% TORCH

Performance

BALLASTTORCH

7 days-81.75%-65.04%TORCH
30 days-56.64%+9.97%TORCH

Correlation

-0.12over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	BALLAST	TORCH
Max drawdown (400d)	-81.8%	-100.0%
Risk-adjusted return (90d)	0.12	0.00

Relative strength over 90 days: TORCH outperformed BALLAST by 49.3% — measured on the BALLAST/TORCH ratio, so it holds regardless of market direction.

Ballast →torch →