Grey Goo vs torch

torch (TORCH) is 2.1× the size of Grey Goo (GOO) by market capitalisation. Over the past 30 days, TORCH is ahead by 51.7 percentage points (GOO +50.3% against TORCH +101.9%). Their daily returns move barely in opposite directions (correlation -0.11 across 31 shared trading days). TORCH has been the more volatile of the two, at 1561281% annualised against GOO's 91%.

Correlation: -0.11
Size ratio: 1 : 2.1
Ahead over 30 days: TORCH

Grey GooGOO

$0.002087

24h: -1.09%
Market cap: $2.08M
Volume 24h: $17,380
Volatility (ann.): 91%

torchTORCH

$0.004299

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

GOO 32.6%Share of the two combined market caps67.4% TORCH

Performance

GOOTORCH

7 days-0.05%-53.05%GOO
30 days+50.25%+101.91%TORCH

Correlation

-0.11over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1190d: 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	GOO	TORCH
Max drawdown (400d)	-16.7%	-100.0%
Risk-adjusted return (90d)	0.63	0.00

Relative strength over 90 days: TORCH outperformed GOO by 25.6% — measured on the GOO/TORCH ratio, so it holds regardless of market direction.

Grey Goo →torch →