Emerge vs Akedo

Akedo (AKE) is 5098.2× the size of Emerge (EMERGE) by market capitalisation. Over the past 30 days, AKE is ahead by 5.6 percentage points (EMERGE -91.6% against AKE -85.9%). Their daily returns move barely in opposite directions (correlation -0.31 across 24 shared trading days). EMERGE has been the more volatile of the two, at 1079% annualised against AKE's 454%.

Correlation: -0.31
Size ratio: 1 : 5098.2
Ahead over 30 days: AKE

EmergeEMERGE

$2.267e-7

24h: —
Market cap: $22,669
Volume 24h: —
Volatility (ann.): 1079%

AkedoAKE

$0.005071

24h: +86.63%
Market cap: $115.57M
Volume 24h: $123.60M
Volatility (ann.): 454%

EMERGE 0.0%Share of the two combined market caps100.0% AKE

Performance

EMERGEAKE

7 days-87.83%-89.22%EMERGE
30 days-91.56%-85.94%AKE

Correlation

-0.31over 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	EMERGE	AKE
Max drawdown (400d)	-96.4%	-94.2%
Risk-adjusted return (90d)	-0.08	-0.17

Relative strength over 90 days: AKE outperformed EMERGE by 15.9% — measured on the EMERGE/AKE ratio, so it holds regardless of market direction.

Emerge →Akedo →