NI Compute vs Chutes

Chutes (SN64) is 38.6× the size of NI Compute (SN27) by market capitalisation. Over the past 30 days, SN27 is ahead by 17.9 percentage points (SN27 +11.0% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.95 across 23 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN27's 105%.

Correlation: 0.95
Size ratio: 1 : 38.6
Ahead over 30 days: SN27

NI ComputeSN27

$0.510257

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

ChutesSN64

$15.3700

24h: +2.31%
Market cap: $97.37M
Volume 24h: $348,049
Volatility (ann.): 141%

SN27 2.5%Share of the two combined market caps97.5% SN64

Performance

SN27SN64

7 days-7.49%-11.80%SN27
30 days+10.98%-6.90%SN27

Correlation

0.95over 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	SN27	SN64
Max drawdown (400d)	-22.9%	-32.6%
Risk-adjusted return (90d)	0.10	0.00

Relative strength over 90 days: SN64 outperformed SN27 by 6.8% — measured on the SN27/SN64 ratio, so it holds regardless of market direction.

NI Compute →Chutes →