Crossbow vs torch

Crossbow (XBOW) and torch (TORCH) compared side by side. Over the past 30 days, TORCH is ahead by 142.2 percentage points (XBOW -40.2% against TORCH +101.9%). Their daily returns move barely together (correlation 0.04 across 31 shared trading days). TORCH has been the more volatile of the two, at 1561281% annualised against XBOW's 102%.

Correlation: 0.04
Ahead over 30 days: TORCH

CrossbowXBOW

$0.000942

24h: -20.69%
Market cap: —
Volume 24h: $38,947
Volatility (ann.): 102%

torchTORCH

$0.004299

24h: -18.98%
Market cap: $4.30M
Volume 24h: $356,785
Volatility (ann.): 1561281%

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

Performance

XBOWTORCH

7 days-7.35%-53.05%XBOW
30 days-40.25%+101.91%TORCH

Correlation

0.04over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	XBOW	TORCH
Max drawdown (400d)	-52.4%	-100.0%
Risk-adjusted return (90d)	-0.51	0.00

Relative strength over 90 days: TORCH outperformed XBOW by 70.4% — measured on the XBOW/TORCH ratio, so it holds regardless of market direction.

Crossbow →torch →