Level 114 vs affine

affine (SN120) is 5.0× the size of Level 114 (SN114) by market capitalisation. Over the past 30 days, SN114 is ahead by 104.6 percentage points (SN114 +89.5% against SN120 -15.2%). Their daily returns move closely together (correlation 0.69 across 26 shared trading days). SN114 has been the more volatile of the two, at 154% annualised against SN120's 117%.

Correlation: 0.69
Size ratio: 1 : 5.0
Ahead over 30 days: SN114

Level 114SN114

$3.9500

24h: -0.81%
Market cap: $8.94M
Volume 24h: $506,099
Volatility (ann.): 154%

affineSN120

$10.0600

24h: +3.31%
Market cap: $44.83M
Volume 24h: $228,640
Volatility (ann.): 117%

SN114 16.6%Share of the two combined market caps83.4% SN120

Performance

SN114SN120

7 days+13.91%-6.33%SN114
30 days+89.46%-15.18%SN114

Correlation

0.69over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6990d: 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	SN114	SN120
Max drawdown (400d)	-15.8%	-37.7%
Risk-adjusted return (90d)	0.58	-0.13

Relative strength over 90 days: SN114 outperformed SN120 by 58.7% — measured on the SN114/SN120 ratio, so it holds regardless of market direction.

Level 114 →affine →