NI Compute vs affine

affine (SN120) is 17.1× the size of NI Compute (SN27) by market capitalisation. Over the past 30 days, SN27 is ahead by 30.7 percentage points (SN27 +11.0% against SN120 -19.7%). Their daily returns move closely together (correlation 0.85 across 25 shared trading days). Both have run at a similar volatility, around 112% annualised.

Correlation: 0.85
Size ratio: 1 : 17.1
Ahead over 30 days: SN27

NI ComputeSN27

$0.510257

24h: -0.01%
Market cap: $2.53M
Volume 24h: $25,680
Volatility (ann.): 105%

affineSN120

$9.7400

24h: +3.22%
Market cap: $43.30M
Volume 24h: $689,389
Volatility (ann.): 118%

SN27 5.5%Share of the two combined market caps94.5% SN120

Performance

SN27SN120

7 days-7.49%-13.26%SN27
30 days+10.98%-19.70%SN27

Correlation

0.85over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8590d: 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	SN27	SN120
Max drawdown (400d)	-22.9%	-37.7%
Risk-adjusted return (90d)	0.10	-0.16

Relative strength over 90 days: SN120 outperformed SN27 by 9.2% — measured on the SN27/SN120 ratio, so it holds regardless of market direction.

NI Compute →affine →