8 Ball vs Chutes

Chutes (SN64) is 55.6× the size of 8 Ball (SN125) by market capitalisation. Over the past 30 days, SN125 is ahead by 23.4 percentage points (SN125 +16.5% against SN64 -6.9%). Their daily returns move closely together (correlation 0.84 across 23 shared trading days). Both have run at a similar volatility, around 139% annualised.

Correlation: 0.84
Size ratio: 1 : 55.6
Ahead over 30 days: SN125

8 BallSN125

$0.529263

24h: +0.19%
Market cap: $1.81M
Volume 24h: $5,156
Volatility (ann.): 137%

ChutesSN64

$15.9200

24h: +5.50%
Market cap: $100.74M
Volume 24h: $362,901
Volatility (ann.): 141%

SN125 1.8%Share of the two combined market caps98.2% SN64

Performance

SN125SN64

7 days-5.41%-11.80%SN125
30 days+16.53%-6.90%SN125

Correlation

0.84over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SN125	SN64
Max drawdown (400d)	-33.2%	-32.6%
Risk-adjusted return (90d)	0.12	0.00

Relative strength over 90 days: SN64 outperformed SN125 by 2.5% — measured on the SN125/SN64 ratio, so it holds regardless of market direction.

8 Ball →Chutes →