Quantum Compute vs affine

affine (SN120) is 4.4× the size of Quantum Compute (SN48) by market capitalisation. Over the past 30 days, SN48 is ahead by 40.1 percentage points (SN48 +20.4% against SN120 -19.7%). Their daily returns move very closely together (correlation 0.88 across 25 shared trading days). SN120 has been the more volatile of the two, at 118% annualised against SN48's 99%.

Correlation: 0.88
Size ratio: 1 : 4.4
Ahead over 30 days: SN48

Quantum ComputeSN48

$1.8200

24h: +0.30%
Market cap: $10.04M
Volume 24h: $113,246
Volatility (ann.): 99%

affineSN120

$9.8500

24h: +3.96%
Market cap: $43.80M
Volume 24h: $708,964
Volatility (ann.): 118%

SN48 18.7%Share of the two combined market caps81.3% SN120

Performance

SN48SN120

7 days-0.81%-13.26%SN48
30 days+20.35%-19.70%SN48

Correlation

0.88over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8890d: 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	SN48	SN120
Max drawdown (400d)	-20.9%	-37.7%
Risk-adjusted return (90d)	0.21	-0.16

Relative strength over 90 days: SN120 outperformed SN48 by 2.0% — measured on the SN48/SN120 ratio, so it holds regardless of market direction.

Quantum Compute →affine →