Alchemist AI vs Akedo

Akedo (AKE) is 1.9× the size of Alchemist AI (ALCH) by market capitalisation. Over the past 30 days, ALCH is ahead by 70.3 percentage points (ALCH -5.1% against AKE -75.4%). Their daily returns move barely together (correlation 0.10 across 46 shared trading days). AKE has been the more volatile of the two, at 452% annualised against ALCH's 186%.

Correlation: 0.10
Size ratio: 1 : 1.9
Ahead over 30 days: ALCH

Alchemist AIALCH

$0.037969

24h: +4.15%
Market cap: $37.97M
Volume 24h: $1.15M
Volatility (ann.): 186%

AkedoAKE

$0.003121

24h: -26.05%
Market cap: $71.51M
Volume 24h: $21.19M
Volatility (ann.): 452%

ALCH 34.7%Share of the two combined market caps65.3% AKE

Performance

ALCHAKE

7 days+0.87%-81.30%ALCH
30 days-5.11%-75.40%ALCH

Correlation

0.10over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	ALCH	AKE
Max drawdown (400d)	-40.5%	-89.7%
Risk-adjusted return (90d)	0.22	-0.13

Relative strength over 90 days: ALCH outperformed AKE by 208.4% — measured on the ALCH/AKE ratio, so it holds regardless of market direction.

Alchemist AI →Akedo →