Araracoin (ARARA) is 159.2× the size of Feed The World (FW) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.40 across 26 shared trading days). ARARA has been the more volatile of the two, at 809% annualised against FW's 95%.
FWARARA
-0.40over 26 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 | FW | ARARA |
|---|---|---|
| Max drawdown (400d) | -61.0% | -83.4% |
| Risk-adjusted return (90d) | -0.13 | -0.06 |
Relative strength over 90 days: ARARA outperformed FW by 26.1% — measured on the FW/ARARA ratio, so it holds regardless of market direction.