Galeon vs Akedo

Akedo (AKE) is 20.4× the size of Galeon (GALEON) by market capitalisation. Over the past 30 days, GALEON is ahead by 34.7 percentage points (GALEON -40.7% against AKE -75.4%). Their daily returns move barely together (correlation 0.16 across 32 shared trading days). AKE has been the more volatile of the two, at 452% annualised against GALEON's 102%.

Correlation: 0.16
Size ratio: 1 : 20.4
Ahead over 30 days: GALEON

GaleonGALEON

$0.003750

24h: -2.25%
Market cap: $3.52M
Volume 24h: $377
Volatility (ann.): 102%

AkedoAKE

$0.003122

24h: -24.61%
Market cap: $71.85M
Volume 24h: $21.84M
Volatility (ann.): 452%

GALEON 4.7%Share of the two combined market caps95.3% AKE

Performance

GALEONAKE

7 days-3.75%-81.30%GALEON
30 days-40.74%-75.40%GALEON

Correlation

0.16over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	GALEON	AKE
Max drawdown (400d)	-44.4%	-89.7%
Risk-adjusted return (90d)	-0.32	-0.13

Relative strength over 90 days: GALEON outperformed AKE by 39.4% — measured on the GALEON/AKE ratio, so it holds regardless of market direction.

Galeon →Akedo →