IMGN Labs vs Akedo

Akedo (AKE) is 73.0× the size of IMGN Labs (IMGN) by market capitalisation. Over the past 30 days, IMGN is ahead by 136.2 percentage points (IMGN +60.8% against AKE -75.4%). Their daily returns move barely in opposite directions (correlation -0.15 across 28 shared trading days). AKE has been the more volatile of the two, at 452% annualised against IMGN's 151%.

Correlation: -0.15
Size ratio: 1 : 73.0
Ahead over 30 days: IMGN

IMGN LabsIMGN

$0.000985

24h: +0.35%
Market cap: $984,565
Volume 24h: $222
Volatility (ann.): 151%

AkedoAKE

$0.003122

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

IMGN 1.4%Share of the two combined market caps98.6% AKE

Performance

IMGNAKE

7 days-21.27%-81.30%IMGN
30 days+60.78%-75.40%IMGN

Correlation

-0.15over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	IMGN	AKE
Max drawdown (400d)	-22.3%	-89.7%
Risk-adjusted return (90d)	0.29	-0.13

Relative strength over 90 days: IMGN outperformed AKE by 179.5% — measured on the IMGN/AKE ratio, so it holds regardless of market direction.

IMGN Labs →Akedo →