$SOLD (SOLD) and Arclight Finance (ARCLIGHT) compared side by side. Over the past 30 days, SOLD is ahead by 76.0 percentage points (SOLD -19.5% against ARCLIGHT -95.5%). Their daily returns move barely in opposite directions (correlation -0.06 across 31 shared trading days). ARCLIGHT has been the more volatile of the two, at 125275% annualised against SOLD's 95%.
$3.795e-5
SOLDARCLIGHT
-0.06over 31 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 | SOLD | ARCLIGHT |
|---|---|---|
| Max drawdown (400d) | -30.8% | -99.8% |
| Risk-adjusted return (90d) | -0.20 | 0.00 |
Relative strength over 90 days: SOLD outperformed ARCLIGHT by 155.8% — measured on the SOLD/ARCLIGHT ratio, so it holds regardless of market direction.