Ctomorrow Platform (CTP) and VERONICA by Virtuals (VERONICA) compared side by side. Their daily returns move barely together (correlation 0.10 across 180 shared trading days). VERONICA has been the more volatile of the two, at 100% annualised against CTP's 32%.
CTPVERONICA
0.10over 180 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 | CTP | VERONICA |
|---|---|---|
| Max drawdown (400d) | -59.3% | -69.5% |
| Risk-adjusted return (90d) | -0.62 | -0.10 |
| Best 30 days (past year) | +15.3% | — |
| Worst 30 days (past year) | -31.0% | — |
Relative strength over 90 days: VERONICA outperformed CTP by 12.3% — measured on the CTP/VERONICA ratio, so it holds regardless of market direction.