Quantum Innovate vs Chutes

Chutes (SN64) is 17.2× the size of Quantum Innovate (SN63) by market capitalisation. Over the past 30 days, SN64 is ahead by 30.8 percentage points (SN63 -37.7% against SN64 -6.9%). Their daily returns move closely together (correlation 0.70 across 24 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN63's 116%.

Correlation: 0.70
Size ratio: 1 : 17.2
Ahead over 30 days: SN64

Quantum InnovateSN63

$1.0110

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

ChutesSN64

$15.3700

24h: +2.31%
Market cap: $97.37M
Volume 24h: $348,049
Volatility (ann.): 141%

SN63 5.5%Share of the two combined market caps94.5% SN64

Performance

SN63SN64

7 days-5.34%-11.80%SN63
30 days-37.69%-6.90%SN64

Correlation

0.70over 24 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	SN63	SN64
Max drawdown (400d)	-45.9%	-32.6%
Risk-adjusted return (90d)	-0.32	0.00

Relative strength over 90 days: SN64 outperformed SN63 by 47.6% — measured on the SN63/SN64 ratio, so it holds regardless of market direction.

Quantum Innovate →Chutes →