Graphite vs Chutes

Chutes (SN64) is 20.7× the size of Graphite (SN43) by market capitalisation. Over the past 30 days, SN43 is ahead by 10.3 percentage points (SN43 +3.4% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.92 across 24 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN43's 112%.

Correlation: 0.92
Size ratio: 1 : 20.7
Ahead over 30 days: SN43

GraphiteSN43

$0.888533

24h: -0.10%
Market cap: $4.71M
Volume 24h: $128
Volatility (ann.): 112%

ChutesSN64

$15.3800

24h: +1.59%
Market cap: $97.32M
Volume 24h: $359,086
Volatility (ann.): 141%

SN43 4.6%Share of the two combined market caps95.4% SN64

Performance

SN43SN64

7 days-7.58%-11.80%SN43
30 days+3.39%-6.90%SN43

Correlation

0.92over 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	SN43	SN64
Max drawdown (400d)	-21.7%	-32.6%
Risk-adjusted return (90d)	0.03	0.00

Relative strength over 90 days: SN64 outperformed SN43 by 13.1% — measured on the SN43/SN64 ratio, so it holds regardless of market direction.

Graphite →Chutes →