KONDUX vs Akedo

Akedo (AKE) is 137.3× the size of KONDUX (KNDX) by market capitalisation. Over the past 30 days, KNDX is ahead by 41.9 percentage points (KNDX -33.5% against AKE -75.4%). Their daily returns move barely together (correlation 0.01 across 23 shared trading days). AKE has been the more volatile of the two, at 452% annualised against KNDX's 54%.

Correlation: 0.01
Size ratio: 1 : 137.3
Ahead over 30 days: KNDX

KONDUXKNDX

$0.000519

24h: +0.16%
Market cap: $483,992
Volume 24h: $860
Volatility (ann.): 54%

AkedoAKE

$0.002920

24h: -37.19%
Market cap: $66.47M
Volume 24h: $19.68M
Volatility (ann.): 452%

KNDX 0.7%Share of the two combined market caps99.3% AKE

Performance

KNDXAKE

7 days-13.06%-81.30%KNDX
30 days-33.53%-75.40%KNDX

Correlation

0.01over 23 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	KNDX	AKE
Max drawdown (400d)	-38.1%	-89.7%
Risk-adjusted return (90d)	-0.68	-0.13

Relative strength over 90 days: KNDX outperformed AKE by 331.7% — measured on the KNDX/AKE ratio, so it holds regardless of market direction.

KONDUX →Akedo →