Blockmachine vs affine

affine (SN120) is 4.0× the size of Blockmachine (SN19) by market capitalisation. Over the past 30 days, SN19 is ahead by 32.3 percentage points (SN19 +12.6% against SN120 -19.7%). Their daily returns move closely together (correlation 0.84 across 26 shared trading days). Both have run at a similar volatility, around 112% annualised.

Correlation: 0.84
Size ratio: 1 : 4.0
Ahead over 30 days: SN19

BlockmachineSN19

$2.0200

24h: -0.29%
Market cap: $10.82M
Volume 24h: $10,573
Volatility (ann.): 106%

affineSN120

$9.7400

24h: +4.66%
Market cap: $43.31M
Volume 24h: $681,544
Volatility (ann.): 118%

SN19 20.0%Share of the two combined market caps80.0% SN120

Performance

SN19SN120

7 days-2.46%-13.26%SN19
30 days+12.55%-19.70%SN19

Correlation

0.84over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8490d: 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	SN19	SN120
Max drawdown (400d)	-22.8%	-37.7%
Risk-adjusted return (90d)	0.12	-0.16

Relative strength over 90 days: SN120 outperformed SN19 by 5.7% — measured on the SN19/SN120 ratio, so it holds regardless of market direction.

Blockmachine →affine →