Umi vs Chutes

Chutes (SN64) is 143.9× the size of Umi (SN78) by market capitalisation. Over the past 30 days, SN64 is ahead by 62.3 percentage points (SN78 -69.2% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.89 across 28 shared trading days). SN78 has been the more volatile of the two, at 284% annualised against SN64's 141%.

Correlation: 0.89
Size ratio: 1 : 143.9
Ahead over 30 days: SN64

UmiSN78

$0.423035

24h: -1.65%
Market cap: $694,241
Volume 24h: $61,566
Volatility (ann.): 284%

ChutesSN64

$15.7900

24h: +4.61%
Market cap: $99.93M
Volume 24h: $402,090
Volatility (ann.): 141%

SN78 0.7%Share of the two combined market caps99.3% SN64

Performance

SN78SN64

7 days-59.67%-11.80%SN64
30 days-69.21%-6.90%SN64

Correlation

0.89over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8990d: 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	SN78	SN64
Max drawdown (400d)	-69.2%	-32.6%
Risk-adjusted return (90d)	-0.23	0.00

Relative strength over 90 days: SN64 outperformed SN78 by 58.7% — measured on the SN78/SN64 ratio, so it holds regardless of market direction.

Umi →Chutes →