SolonPad vs Arclight Finance

Arclight Finance (ARCLIGHT) is 1.1× the size of SolonPad (SOLON) by market capitalisation. Over the past 30 days, SOLON is ahead by 22.2 percentage points (SOLON -73.3% against ARCLIGHT -95.5%). Their daily returns move barely in opposite directions (correlation -0.03 across 43 shared trading days). ARCLIGHT has been the more volatile of the two, at 125275% annualised against SOLON's 454%.

Correlation: -0.03
Size ratio: 1 : 1.1
Ahead over 30 days: SOLON

SolonPadSOLON

$3.651e-5

24h: +0.18%
Market cap: $33,987
Volume 24h: $1,315
Volatility (ann.): 454%

Arclight FinanceARCLIGHT

$3.795e-5

24h: -68.50%
Market cap: $37,952
Volume 24h: $10,942
Volatility (ann.): 125275%

SOLON 47.2%Share of the two combined market caps52.8% ARCLIGHT

Performance

SOLONARCLIGHT

7 days-16.48%-84.29%SOLON
30 days-73.32%-95.49%SOLON

Correlation

-0.03over 43 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	SOLON	ARCLIGHT
Max drawdown (400d)	-77.8%	-99.8%
Risk-adjusted return (90d)	-0.13	0.00

Relative strength over 90 days: SOLON outperformed ARCLIGHT by 624.5% — measured on the SOLON/ARCLIGHT ratio, so it holds regardless of market direction.

SolonPad →Arclight Finance →