Candles vs affine

affine (SN120) is 30.4× the size of Candles (SN31) by market capitalisation. Over the past 30 days, SN31 is ahead by 27.7 percentage points (SN31 +8.0% against SN120 -19.7%). Their daily returns move closely together (correlation 0.76 across 24 shared trading days). Both have run at a similar volatility, around 122% annualised.

Correlation: 0.76
Size ratio: 1 : 30.4
Ahead over 30 days: SN31

CandlesSN31

$0.851411

24h: +6.19%
Market cap: $1.44M
Volume 24h: $54,255
Volatility (ann.): 126%

affineSN120

$9.8500

24h: +3.96%
Market cap: $43.80M
Volume 24h: $708,964
Volatility (ann.): 118%

SN31 3.2%Share of the two combined market caps96.8% SN120

Performance

SN31SN120

7 days+6.09%-13.26%SN31
30 days+7.96%-19.70%SN31

Correlation

0.76over 24 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	SN31	SN120
Max drawdown (400d)	-24.1%	-37.7%
Risk-adjusted return (90d)	0.06	-0.16

Relative strength over 90 days: SN120 outperformed SN31 by 17.0% — measured on the SN31/SN120 ratio, so it holds regardless of market direction.

Candles →affine →