Candles vs EfficientFrontier

EfficientFrontier (SN53) is 28.7× the size of Candles (SN31) by market capitalisation. Over the past 30 days, SN53 is ahead by 14.8 percentage points (SN31 +8.0% against SN53 +22.7%). Their daily returns move barely together (correlation 0.28 across 26 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN31's 126%.

Correlation: 0.28
Size ratio: 1 : 28.7
Ahead over 30 days: SN53

CandlesSN31

$0.851411

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

EfficientFrontierSN53

$7.0800

24h: +0.00%
Market cap: $41.37M
Volume 24h: $2.52M
Volatility (ann.): 200%

SN31 3.4%Share of the two combined market caps96.6% SN53

Performance

SN31SN53

7 days+6.09%-14.51%SN31
30 days+7.96%+22.72%SN53

Correlation

0.28over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	SN53
Max drawdown (400d)	-24.1%	-40.6%
Risk-adjusted return (90d)	0.06	0.09

Relative strength over 90 days: SN53 outperformed SN31 by 22.8% — measured on the SN31/SN53 ratio, so it holds regardless of market direction.

Candles →EfficientFrontier →