Mosslings (MOSS) and Arclight Finance (ARCLIGHT) compared side by side. Over the past 30 days, MOSS is ahead by 18.4 percentage points (MOSS -74.2% against ARCLIGHT -92.6%). Their daily returns move barely in opposite directions (correlation -0.07 across 25 shared trading days). ARCLIGHT has been the more volatile of the two, at 126790% annualised against MOSS's 251%.
$3.795e-5
MOSSARCLIGHT
-0.07over 25 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 | MOSS | ARCLIGHT |
|---|---|---|
| Max drawdown (400d) | -74.2% | -99.8% |
| Risk-adjusted return (90d) | -0.30 | 0.00 |
Relative strength over 90 days: MOSS outperformed ARCLIGHT by 128.5% — measured on the MOSS/ARCLIGHT ratio, so it holds regardless of market direction.