Akedo vs Velvet

Akedo (AKE) is 2.4× the size of Velvet (VELVET) by market capitalisation. Over the past 30 days, VELVET is ahead by 53.5 percentage points (AKE -83.2% against VELVET -29.7%). Their daily returns move barely together (correlation 0.21 across 34 shared trading days). AKE has been the more volatile of the two, at 457% annualised against VELVET's 157%.

Correlation: 0.21
Size ratio: 2.4×
Ahead over 30 days: VELVET

AkedoAKE

$0.002570

24h: -15.22%
Market cap: $58.57M
Volume 24h: $13.85M
Volatility (ann.): 457%

VelvetVELVET

$0.051888

24h: +0.27%
Market cap: $24.07M
Volume 24h: $3.00M
Volatility (ann.): 157%

AKE 70.9%Share of the two combined market caps29.1% VELVET

Performance

AKEVELVET

7 days-88.63%-15.10%VELVET
30 days-83.17%-29.71%VELVET

Correlation

0.21over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	AKE	VELVET
Max drawdown (400d)	-93.5%	-53.5%
Risk-adjusted return (90d)	-0.16	-0.30

Relative strength over 90 days: VELVET outperformed AKE by 48.5% — measured on the AKE/VELVET ratio, so it holds regardless of market direction.

Akedo →Velvet →