BitAgent - Rizzo vs affine

affine (SN120) is 18.1× the size of BitAgent - Rizzo (SN20) by market capitalisation. Over the past 30 days, SN20 is ahead by 28.5 percentage points (SN20 +8.8% against SN120 -19.7%). Their daily returns move closely together (correlation 0.68 across 25 shared trading days). Both have run at a similar volatility, around 115% annualised.

Correlation: 0.68
Size ratio: 1 : 18.1
Ahead over 30 days: SN20

BitAgent - RizzoSN20

$0.512520

24h: +0.08%
Market cap: $2.47M
Volume 24h: $8,865
Volatility (ann.): 112%

affineSN120

$10.0400

24h: +6.08%
Market cap: $44.66M
Volume 24h: $723,204
Volatility (ann.): 118%

SN20 5.2%Share of the two combined market caps94.8% SN120

Performance

SN20SN120

7 days-10.48%-13.26%SN20
30 days+8.78%-19.70%SN20

Correlation

0.68over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6890d: 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	SN20	SN120
Max drawdown (400d)	-22.5%	-37.7%
Risk-adjusted return (90d)	0.08	-0.16

Relative strength over 90 days: SN120 outperformed SN20 by 12.4% — measured on the SN20/SN120 ratio, so it holds regardless of market direction.

BitAgent - Rizzo →affine →