Apex vs affine

affine (SN120) is 5.9× the size of Apex (SN1) by market capitalisation. Over the past 30 days, SN1 is ahead by 32.5 percentage points (SN1 +12.8% against SN120 -19.7%). Their daily returns move closely together (correlation 0.84 across 26 shared trading days). SN120 has been the more volatile of the two, at 118% annualised against SN1's 100%.

Correlation: 0.84
Size ratio: 1 : 5.9
Ahead over 30 days: SN1

ApexSN1

$1.3700

24h: -0.08%
Market cap: $7.26M
Volume 24h: $67,301
Volatility (ann.): 100%

affineSN120

$9.7000

24h: +5.09%
Market cap: $43.12M
Volume 24h: $670,284
Volatility (ann.): 118%

SN1 14.4%Share of the two combined market caps85.6% SN120

Performance

SN1SN120

7 days-1.46%-13.26%SN1
30 days+12.85%-19.70%SN1

Correlation

0.84over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8490d: 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	SN1	SN120
Max drawdown (400d)	-19.7%	-37.7%
Risk-adjusted return (90d)	0.13	-0.16

Relative strength over 90 days: SN120 outperformed SN1 by 5.5% — measured on the SN1/SN120 ratio, so it holds regardless of market direction.

Apex →affine →