Bitrecs vs affine

affine (SN120) is 260.8× the size of Bitrecs (SN122) by market capitalisation. Over the past 30 days, SN122 is ahead by 56.8 percentage points (SN122 +41.6% against SN120 -15.2%). Their daily returns move loosely together (correlation 0.35 across 23 shared trading days). SN122 has been the more volatile of the two, at 143% annualised against SN120's 117%.

Correlation: 0.35
Size ratio: 1 : 260.8
Ahead over 30 days: SN122

BitrecsSN122

$0.623487

24h: +4.25%
Market cap: $172,115
Volume 24h: $1
Volatility (ann.): 143%

affineSN120

$10.0800

24h: +6.08%
Market cap: $44.89M
Volume 24h: $210,933
Volatility (ann.): 117%

SN122 0.4%Share of the two combined market caps99.6% SN120

Performance

SN122SN120

7 days+19.35%-6.33%SN122
30 days+41.63%-15.18%SN122

Correlation

0.35over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SN122	SN120
Max drawdown (400d)	-23.2%	-37.7%
Risk-adjusted return (90d)	0.29	-0.13

Relative strength over 90 days: SN120 outperformed SN122 by 13.1% — measured on the SN122/SN120 ratio, so it holds regardless of market direction.

Bitrecs →affine →