Bitcast vs affine

affine (SN120) is 3.0× the size of Bitcast (SN93) by market capitalisation. Over the past 30 days, SN93 is ahead by 66.7 percentage points (SN93 +47.0% against SN120 -19.7%). Their daily returns move closely together (correlation 0.75 across 26 shared trading days). SN93 has been the more volatile of the two, at 154% annualised against SN120's 118%.

Correlation: 0.75
Size ratio: 1 : 3.0
Ahead over 30 days: SN93

BitcastSN93

$3.2400

24h: -2.38%
Market cap: $14.25M
Volume 24h: $256,441
Volatility (ann.): 154%

affineSN120

$9.7000

24h: +2.76%
Market cap: $43.20M
Volume 24h: $702,598
Volatility (ann.): 118%

SN93 24.8%Share of the two combined market caps75.2% SN120

Performance

SN93SN120

7 days-0.98%-13.26%SN93
30 days+46.96%-19.70%SN93

Correlation

0.75over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7590d: 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	SN93	SN120
Max drawdown (400d)	-23.8%	-37.7%
Risk-adjusted return (90d)	0.30	-0.16

Relative strength over 90 days: SN93 outperformed SN120 by 23.1% — measured on the SN93/SN120 ratio, so it holds regardless of market direction.

Bitcast →affine →