JAM (JAM) and TEMCO (TEMCO) compared side by side. Over the past 30 days, TEMCO is ahead by 95.5 percentage points (JAM -73.3% against TEMCO +22.1%). Their daily returns move barely in opposite directions (correlation -0.02 across 30 shared trading days). JAM has been the more volatile of the two, at 271% annualised against TEMCO's 161%.
JAMTEMCO
-0.02over 30 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 | JAM | TEMCO |
|---|---|---|
| Max drawdown (400d) | -86.5% | -17.7% |
| Risk-adjusted return (90d) | -0.27 | 0.14 |
Relative strength over 90 days: TEMCO outperformed JAM by 73.3% — measured on the JAM/TEMCO ratio, so it holds regardless of market direction.