Arqen vs CRONUS

CRONUS (CRONUS) is 16.9× the size of Arqen (ARQ) by market capitalisation. Over the past 30 days, CRONUS is ahead by 91.4 percentage points (ARQ -35.6% against CRONUS +55.9%). Their daily returns move barely together (correlation 0.07 across 37 shared trading days). CRONUS has been the more volatile of the two, at 251% annualised against ARQ's 214%.

Correlation: 0.07
Size ratio: 1 : 16.9
Ahead over 30 days: CRONUS

ArqenARQ

$0.004298

24h: +6.48%
Market cap: $352,445
Volume 24h: $2,258
Volatility (ann.): 214%

CRONUSCRONUS

$0.006100

24h: +7.67%
Market cap: $5.96M
Volume 24h: $18,194
Volatility (ann.): 251%

ARQ 5.6%Share of the two combined market caps94.4% CRONUS

Performance

ARQCRONUS

7 days+2.87%+3.80%CRONUS
30 days-35.56%+55.85%CRONUS

Correlation

0.07over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	ARQ	CRONUS
Max drawdown (400d)	-55.2%	-35.1%
Risk-adjusted return (90d)	-0.21	0.64

Relative strength over 90 days: CRONUS outperformed ARQ by 84.3% — measured on the ARQ/CRONUS ratio, so it holds regardless of market direction.

Arqen →CRONUS →