Chainspin vs Shuffle

Shuffle (SHFL) is 13369.8× the size of Chainspin (SPIN) by market capitalisation. Over the past 30 days, SHFL is ahead by 33.4 percentage points (SPIN -11.3% against SHFL +22.1%). Their daily returns move barely in opposite directions (correlation -0.17 across 22 shared trading days). SHFL has been the more volatile of the two, at 171% annualised against SPIN's 63%.

Correlation: -0.17
Size ratio: 1 : 13369.8
Ahead over 30 days: SHFL

ChainspinSPIN

$2.024e-5

24h: —
Market cap: $13,450
Volume 24h: $20
Volatility (ann.): 63%

ShuffleSHFL

$0.358747

24h: -1.58%
Market cap: $179.82M
Volume 24h: $791,019
Volatility (ann.): 171%

SPIN 0.0%Share of the two combined market caps100.0% SHFL

Performance

SPINSHFL

7 days+5.63%-21.31%SPIN
30 days-11.29%+22.13%SHFL

Correlation

-0.17over 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	SPIN	SHFL
Max drawdown (400d)	-24.6%	-41.4%
Risk-adjusted return (90d)	-0.28	0.18

Relative strength over 90 days: SPIN outperformed SHFL by 30.8% — measured on the SPIN/SHFL ratio, so it holds regardless of market direction.

Chainspin →Shuffle →