Chunking vs affine

affine (SN120) is 92.2× the size of Chunking (SN40) by market capitalisation. Over the past 30 days, SN120 is ahead by 13.0 percentage points (SN40 -32.7% against SN120 -19.7%). Their daily returns move loosely together (correlation 0.47 across 24 shared trading days). Both have run at a similar volatility, around 115% annualised.

Correlation: 0.47
Size ratio: 1 : 92.2
Ahead over 30 days: SN120

ChunkingSN40

$0.383068

24h: -0.33%
Market cap: $482,243
Volume 24h: $1,123
Volatility (ann.): 111%

affineSN120

$10.0000

24h: +5.55%
Market cap: $44.45M
Volume 24h: $731,733
Volatility (ann.): 118%

SN40 1.1%Share of the two combined market caps98.9% SN120

Performance

SN40SN120

7 days-4.75%-13.26%SN40
30 days-32.66%-19.70%SN120

Correlation

0.47over 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	SN40	SN120
Max drawdown (400d)	-42.9%	-37.7%
Risk-adjusted return (90d)	-0.29	-0.16

Relative strength over 90 days: SN120 outperformed SN40 by 46.6% — measured on the SN40/SN120 ratio, so it holds regardless of market direction.

Chunking →affine →