Carl Johnson (CJ) and torch (TORCH) compared side by side. Over the past 30 days, CJ is ahead by 116.2 percentage points (CJ +129.5% against TORCH +13.4%). Their daily returns move barely together (correlation 0.09 across 25 shared trading days). TORCH has been the more volatile of the two, at 1536614% annualised against CJ's 1931%.
CJTORCH
0.09over 25 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 | CJ | TORCH |
|---|---|---|
| Max drawdown (400d) | -94.7% | -100.0% |
| Risk-adjusted return (90d) | 0.03 | 0.00 |
Relative strength over 90 days: CJ outperformed TORCH by 85.7% — measured on the CJ/TORCH ratio, so it holds regardless of market direction.