Candles vs Chutes

Chutes (SN64) is 68.7× the size of Candles (SN31) by market capitalisation. Over the past 30 days, SN31 is ahead by 14.9 percentage points (SN31 +8.0% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.90 across 22 shared trading days). Both have run at a similar volatility, around 134% annualised.

Correlation: 0.90
Size ratio: 1 : 68.7
Ahead over 30 days: SN31

CandlesSN31

$0.851411

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

ChutesSN64

$15.6200

24h: +3.47%
Market cap: $98.86M
Volume 24h: $350,263
Volatility (ann.): 141%

SN31 1.4%Share of the two combined market caps98.6% SN64

Performance

SN31SN64

7 days+6.09%-11.80%SN31
30 days+7.96%-6.90%SN31

Correlation

0.90over 22 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	SN64
Max drawdown (400d)	-24.1%	-32.6%
Risk-adjusted return (90d)	0.06	0.00

Relative strength over 90 days: SN64 outperformed SN31 by 16.9% — measured on the SN31/SN64 ratio, so it holds regardless of market direction.

Candles →Chutes →