FakeNews vs affine

affine (SN120) is 14.7× the size of FakeNews (SN66) by market capitalisation. Over the past 30 days, SN66 is ahead by 94.7 percentage points (SN66 +75.0% against SN120 -19.7%). Their daily returns move barely together (correlation 0.12 across 25 shared trading days). SN66 has been the more volatile of the two, at 236% annualised against SN120's 118%.

Correlation: 0.12
Size ratio: 1 : 14.7
Ahead over 30 days: SN66

FakeNewsSN66

$0.555919

24h: +1.61%
Market cap: $2.93M
Volume 24h: $118,207
Volatility (ann.): 236%

affineSN120

$9.6600

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

SN66 6.4%Share of the two combined market caps93.6% SN120

Performance

SN66SN120

7 days+8.34%-13.26%SN66
30 days+75.05%-19.70%SN66

Correlation

0.12over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	SN66	SN120
Max drawdown (400d)	-22.3%	-37.7%
Risk-adjusted return (90d)	0.32	-0.16

Relative strength over 90 days: SN66 outperformed SN120 by 44.4% — measured on the SN66/SN120 ratio, so it holds regardless of market direction.

FakeNews →affine →