TERRANTIR (TERRA) and Arclight Finance (ARCLIGHT) compared side by side. Over the past 30 days, TERRA is ahead by 31.8 percentage points (TERRA -60.8% against ARCLIGHT -92.6%). Their daily returns move loosely together (correlation 0.45 across 25 shared trading days). ARCLIGHT has been the more volatile of the two, at 126790% annualised against TERRA's 424%.
$3.795e-5
TERRAARCLIGHT
0.45over 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 | TERRA | ARCLIGHT |
|---|---|---|
| Max drawdown (400d) | -82.2% | -99.8% |
| Risk-adjusted return (90d) | -0.14 | 0.00 |
Relative strength over 90 days: TERRA outperformed ARCLIGHT by 10.4% — measured on the TERRA/ARCLIGHT ratio, so it holds regardless of market direction.