Tribes vs torch

torch (TORCH) is 33.0× the size of Tribes (TRIBES) by market capitalisation. Over the past 30 days, TORCH is ahead by 70.6 percentage points (TRIBES -57.2% against TORCH +13.4%). Their daily returns move barely in opposite directions (correlation -0.30 across 31 shared trading days). TORCH has been the more volatile of the two, at 1536614% annualised against TRIBES's 129%.

Correlation: -0.30
Size ratio: 1 : 33.0
Ahead over 30 days: TORCH

TribesTRIBES

$0.000130

24h: —
Market cap: $130,201
Volume 24h: $59
Volatility (ann.): 129%

torchTORCH

$0.004299

24h: -18.98%
Market cap: $4.30M
Volume 24h: $356,785
Volatility (ann.): 1536614%

TRIBES 2.9%Share of the two combined market caps97.1% TORCH

Performance

TRIBESTORCH

7 days-7.36%-57.04%TRIBES
30 days-57.24%+13.35%TORCH

Correlation

-0.30over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: 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	TRIBES	TORCH
Max drawdown (400d)	-67.3%	-100.0%
Risk-adjusted return (90d)	-0.48	0.00

Relative strength over 90 days: TORCH outperformed TRIBES by 78.6% — measured on the TRIBES/TORCH ratio, so it holds regardless of market direction.

Tribes →torch →