Distributed Training vs affine

affine (SN120) is 13.9× the size of Distributed Training (SN38) by market capitalisation. Over the past 30 days, SN38 is ahead by 268.6 percentage points (SN38 +248.9% against SN120 -19.7%). Their daily returns move closely together (correlation 0.68 across 25 shared trading days). SN38 has been the more volatile of the two, at 251% annualised against SN120's 118%.

Correlation: 0.68
Size ratio: 1 : 13.9
Ahead over 30 days: SN38

Distributed TrainingSN38

$1.4000

24h: +3.49%
Market cap: $3.09M
Volume 24h: $137,460
Volatility (ann.): 251%

affineSN120

$9.6300

24h: +3.99%
Market cap: $42.84M
Volume 24h: $645,087
Volatility (ann.): 118%

SN38 6.7%Share of the two combined market caps93.3% SN120

Performance

SN38SN120

7 days+79.73%-13.26%SN38
30 days+248.94%-19.70%SN38

Correlation

0.68over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6890d: 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	SN38	SN120
Max drawdown (400d)	-30.9%	-37.7%
Risk-adjusted return (90d)	0.99	-0.16

Relative strength over 90 days: SN38 outperformed SN120 by 177.7% — measured on the SN38/SN120 ratio, so it holds regardless of market direction.

Distributed Training →affine →