Batching.AI (BATCH) and Echelon Prime (PRIME) compared side by side. Their daily returns move barely together (correlation 0.13 across 31 shared trading days). BATCH has been the more volatile of the two, at 285% annualised against PRIME's 94%.
BATCHPRIME
0.13over 31 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 | BATCH | PRIME |
|---|---|---|
| Max drawdown (400d) | -99.1% | -38.2% |
| Risk-adjusted return (90d) | -0.34 | -0.35 |
Relative strength over 90 days: PRIME outperformed BATCH by 26.9% — measured on the BATCH/PRIME ratio, so it holds regardless of market direction.