ForeverMoney vs Chutes

Chutes (SN64) is 51.4× the size of ForeverMoney (SN98) by market capitalisation. Over the past 30 days, SN98 is ahead by 2.1 percentage points (SN98 -4.8% against SN64 -6.9%). Their daily returns move closely together (correlation 0.81 across 23 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN98's 121%.

Correlation: 0.81
Size ratio: 1 : 51.4
Ahead over 30 days: SN98

ForeverMoneySN98

$0.490073

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

ChutesSN64

$15.6200

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

SN98 1.9%Share of the two combined market caps98.1% SN64

Performance

SN98SN64

7 days-15.42%-11.80%SN64
30 days-4.82%-6.90%SN98

Correlation

0.81over 23 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	SN98	SN64
Max drawdown (400d)	-24.9%	-32.6%
Risk-adjusted return (90d)	-0.04	0.00

Relative strength over 90 days: SN64 outperformed SN98 by 20.1% — measured on the SN98/SN64 ratio, so it holds regardless of market direction.

ForeverMoney →Chutes →