ForeverMoney vs affine

affine (SN120) is 22.3× the size of ForeverMoney (SN98) by market capitalisation. Over the past 30 days, SN98 is ahead by 14.9 percentage points (SN98 -4.8% against SN120 -19.7%). Their daily returns move loosely together (correlation 0.59 across 25 shared trading days). Both have run at a similar volatility, around 119% annualised.

Correlation: 0.59
Size ratio: 1 : 22.3
Ahead over 30 days: SN98

ForeverMoneySN98

$0.490073

24h: +2.05%
Market cap: $1.92M
Volume 24h: $26,546
Volatility (ann.): 121%

affineSN120

$9.6600

24h: +2.16%
Market cap: $42.97M
Volume 24h: $696,180
Volatility (ann.): 118%

SN98 4.3%Share of the two combined market caps95.7% SN120

Performance

SN98SN120

7 days-15.42%-13.26%SN120
30 days-4.82%-19.70%SN98

Correlation

0.59over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5990d: 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	SN98	SN120
Max drawdown (400d)	-24.9%	-37.7%
Risk-adjusted return (90d)	-0.04	-0.16

Relative strength over 90 days: SN120 outperformed SN98 by 22.1% — measured on the SN98/SN120 ratio, so it holds regardless of market direction.

ForeverMoney →affine →