Blockmachine vs Chutes

Chutes (SN64) is 9.0× the size of Blockmachine (SN19) by market capitalisation. Over the past 30 days, SN19 is ahead by 19.4 percentage points (SN19 +12.6% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.93 across 24 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN19's 106%.

Correlation: 0.93
Size ratio: 1 : 9.0
Ahead over 30 days: SN19

BlockmachineSN19

$2.0200

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

ChutesSN64

$15.4000

24h: +3.43%
Market cap: $97.46M
Volume 24h: $244,567
Volatility (ann.): 141%

SN19 10.0%Share of the two combined market caps90.0% SN64

Performance

SN19SN64

7 days-2.46%-11.80%SN19
30 days+12.55%-6.90%SN19

Correlation

0.93over 24 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	SN19	SN64
Max drawdown (400d)	-22.8%	-32.6%
Risk-adjusted return (90d)	0.12	0.00

Relative strength over 90 days: SN64 outperformed SN19 by 5.4% — measured on the SN19/SN64 ratio, so it holds regardless of market direction.

Blockmachine →Chutes →