Quantum Compute vs Chutes

Chutes (SN64) is 9.8× the size of Quantum Compute (SN48) by market capitalisation. Over the past 30 days, SN48 is ahead by 27.3 percentage points (SN48 +20.4% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.97 across 23 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN48's 99%.

Correlation: 0.97
Size ratio: 1 : 9.8
Ahead over 30 days: SN48

Quantum ComputeSN48

$1.8200

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

ChutesSN64

$15.6200

24h: +3.47%
Market cap: $98.86M
Volume 24h: $350,263
Volatility (ann.): 141%

SN48 9.2%Share of the two combined market caps90.8% SN64

Performance

SN48SN64

7 days-0.81%-11.80%SN48
30 days+20.35%-6.90%SN48

Correlation

0.97over 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	SN48	SN64
Max drawdown (400d)	-20.9%	-32.6%
Risk-adjusted return (90d)	0.21	0.00

Relative strength over 90 days: SN48 outperformed SN64 by 0.5% — measured on the SN48/SN64 ratio, so it holds regardless of market direction.

Quantum Compute →Chutes →