Data Universe vs affine

affine (SN120) is 8.7× the size of Data Universe (SN13) by market capitalisation. Over the past 30 days, SN13 is ahead by 21.1 percentage points (SN13 +1.4% against SN120 -19.7%). Their daily returns move closely together (correlation 0.79 across 26 shared trading days). SN120 has been the more volatile of the two, at 118% annualised against SN13's 98%.

Correlation: 0.79
Size ratio: 1 : 8.7
Ahead over 30 days: SN13

Data UniverseSN13

$0.884004

24h: -0.40%
Market cap: $4.97M
Volume 24h: $6,745
Volatility (ann.): 98%

affineSN120

$9.7000

24h: +2.76%
Market cap: $43.20M
Volume 24h: $702,598
Volatility (ann.): 118%

SN13 10.3%Share of the two combined market caps89.7% SN120

Performance

SN13SN120

7 days-8.28%-13.26%SN13
30 days+1.41%-19.70%SN13

Correlation

0.79over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7990d: 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	SN13	SN120
Max drawdown (400d)	-20.8%	-37.7%
Risk-adjusted return (90d)	0.01	-0.16

Relative strength over 90 days: SN120 outperformed SN13 by 15.0% — measured on the SN13/SN120 ratio, so it holds regardless of market direction.

Data Universe →affine →