Gemach vs Akedo

Akedo (AKE) is 425.4× the size of Gemach (GMAC) by market capitalisation. Over the past 30 days, GMAC is ahead by 65.4 percentage points (GMAC -17.8% against AKE -83.2%). Their daily returns move barely in opposite directions (correlation -0.09 across 20 shared trading days). AKE has been the more volatile of the two, at 457% annualised against GMAC's 42%.

Correlation: -0.09
Size ratio: 1 : 425.4
Ahead over 30 days: GMAC

GemachGMAC

$0.000277

24h: —
Market cap: $138,356
Volume 24h: $220
Volatility (ann.): 42%

AkedoAKE

$0.002582

24h: -10.28%
Market cap: $58.86M
Volume 24h: $25.07M
Volatility (ann.): 457%

GMAC 0.2%Share of the two combined market caps99.8% AKE

Performance

GMACAKE

7 days-4.00%-88.63%GMAC
30 days-17.77%-83.17%GMAC

Correlation

-0.09over 20 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	GMAC	AKE
Max drawdown (400d)	-21.1%	-93.5%
Risk-adjusted return (90d)	-0.42	-0.16

Relative strength over 90 days: GMAC outperformed AKE by 718.1% — measured on the GMAC/AKE ratio, so it holds regardless of market direction.

Gemach →Akedo →