Quantum Innovate vs affine

affine (SN120) is 7.6× the size of Quantum Innovate (SN63) by market capitalisation. Over the past 30 days, SN120 is ahead by 18.0 percentage points (SN63 -37.7% against SN120 -19.7%). Their daily returns move loosely together (correlation 0.58 across 26 shared trading days). Both have run at a similar volatility, around 117% annualised.

Correlation: 0.58
Size ratio: 1 : 7.6
Ahead over 30 days: SN120

Quantum InnovateSN63

$1.0110

24h: -0.20%
Market cap: $5.67M
Volume 24h: $7,300
Volatility (ann.): 116%

affineSN120

$9.7000

24h: +2.76%
Market cap: $43.20M
Volume 24h: $702,598
Volatility (ann.): 118%

SN63 11.6%Share of the two combined market caps88.4% SN120

Performance

SN63SN120

7 days-5.34%-13.26%SN63
30 days-37.69%-19.70%SN120

Correlation

0.58over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5890d: 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	SN63	SN120
Max drawdown (400d)	-45.9%	-37.7%
Risk-adjusted return (90d)	-0.32	-0.16

Relative strength over 90 days: SN120 outperformed SN63 by 47.8% — measured on the SN63/SN120 ratio, so it holds regardless of market direction.

Quantum Innovate →affine →