TRARDUN (TRN) vs balajis

balajis (BALAJIS) is 6.8× the size of TRARDUN (TRN) (TRARDUN (TRN)) by market capitalisation. Over the past 30 days, TRARDUN (TRN) is ahead by 33.2 percentage points (TRARDUN (TRN) -2.3% against BALAJIS -35.4%). Their daily returns move barely together (correlation 0.12 across 25 shared trading days). BALAJIS has been the more volatile of the two, at 109% annualised against TRARDUN (TRN)'s 2%.

Correlation: 0.12
Size ratio: 1 : 6.8
Ahead over 30 days: TRARDUN (TRN)

TRARDUN (TRN)TRARDUN (TRN)

$2.709e-5

24h: -0.01%
Market cap: $27,093
Volume 24h: $3
Volatility (ann.): 2%

balajisBALAJIS

$0.000184

24h: -8.32%
Market cap: $183,868
Volume 24h: $189
Volatility (ann.): 109%

TRARDUN (TRN) 12.8%Share of the two combined market caps87.2% BALAJIS

Performance

TRARDUN (TRN)BALAJIS

7 days-0.90%-21.65%TRARDUN (TRN)
30 days-2.28%-35.43%TRARDUN (TRN)

Correlation

0.12over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	TRARDUN (TRN)	BALAJIS
Max drawdown (400d)	-2.3%	-36.7%
Risk-adjusted return (90d)	-1.02	-0.34

Relative strength over 90 days: TRARDUN (TRN) outperformed BALAJIS by 54.3% — measured on the TRARDUN (TRN)/BALAJIS ratio, so it holds regardless of market direction.

TRARDUN (TRN) →balajis →