Goldstein vs torch

torch (TORCH) is 2.0× the size of Goldstein (GLDSTN) by market capitalisation. Over the past 30 days, GLDSTN is ahead by 132.5 percentage points (GLDSTN +145.8% against TORCH +13.4%). Their daily returns move barely together (correlation 0.06 across 32 shared trading days). TORCH has been the more volatile of the two, at 1536614% annualised against GLDSTN's 187%.

Correlation: 0.06
Size ratio: 1 : 2.0
Ahead over 30 days: GLDSTN

GoldsteinGLDSTN

$0.005789

24h: -0.87%
Market cap: $2.16M
Volume 24h: $224,363
Volatility (ann.): 187%

torchTORCH

$0.004299

24h: -18.98%
Market cap: $4.30M
Volume 24h: $356,785
Volatility (ann.): 1536614%

GLDSTN 33.5%Share of the two combined market caps66.5% TORCH

Performance

GLDSTNTORCH

7 days-11.06%-57.04%GLDSTN
30 days+145.81%+13.35%GLDSTN

Correlation

0.06over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	GLDSTN	TORCH
Max drawdown (400d)	-32.2%	-100.0%
Risk-adjusted return (90d)	0.37	0.00

Relative strength over 90 days: GLDSTN outperformed TORCH by 16.5% — measured on the GLDSTN/TORCH ratio, so it holds regardless of market direction.

Goldstein →torch →