ArcKit vs SolonPad

SolonPad (SOLON) is 3.2× the size of ArcKit (AKIT) by market capitalisation. Over the past 30 days, SOLON is ahead by 11.9 percentage points (AKIT -85.3% against SOLON -73.3%). Their daily returns move barely in opposite directions (correlation -0.06 across 43 shared trading days). Both have run at a similar volatility, around 460% annualised.

Correlation: -0.06
Size ratio: 1 : 3.2
Ahead over 30 days: SOLON

ArcKitAKIT

$1.064e-5

24h: -3.97%
Market cap: $10,640
Volume 24h: $123
Volatility (ann.): 466%

SolonPadSOLON

$3.651e-5

24h: +0.18%
Market cap: $33,987
Volume 24h: $1,315
Volatility (ann.): 454%

AKIT 23.8%Share of the two combined market caps76.2% SOLON

Performance

AKITSOLON

7 days-8.82%-16.48%AKIT
30 days-85.26%-73.32%SOLON

Correlation

-0.06over 43 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	AKIT	SOLON
Max drawdown (400d)	-92.1%	-77.8%
Risk-adjusted return (90d)	-0.20	-0.13

Relative strength over 90 days: SOLON outperformed AKIT by 81.0% — measured on the AKIT/SOLON ratio, so it holds regardless of market direction.

ArcKit →SolonPad →