Nuance vs affine

affine (SN120) is 5.8× the size of Nuance (SN23) by market capitalisation. Over the past 30 days, SN23 is ahead by 76.0 percentage points (SN23 +56.3% against SN120 -19.7%). Their daily returns move closely together (correlation 0.80 across 25 shared trading days). Both have run at a similar volatility, around 120% annualised.

Correlation: 0.80
Size ratio: 1 : 5.8
Ahead over 30 days: SN23

NuanceSN23

$1.4700

24h: -5.61%
Market cap: $7.43M
Volume 24h: $76,306
Volatility (ann.): 123%

affineSN120

$9.7000

24h: +5.09%
Market cap: $43.12M
Volume 24h: $670,284
Volatility (ann.): 118%

SN23 14.7%Share of the two combined market caps85.3% SN120

Performance

SN23SN120

7 days+14.39%-13.26%SN23
30 days+56.31%-19.70%SN23

Correlation

0.80over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8090d: 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	SN23	SN120
Max drawdown (400d)	-20.5%	-37.7%
Risk-adjusted return (90d)	0.46	-0.16

Relative strength over 90 days: SN23 outperformed SN120 by 27.4% — measured on the SN23/SN120 ratio, so it holds regardless of market direction.

Nuance →affine →