Nuance vs Chutes

Chutes (SN64) is 13.1× the size of Nuance (SN23) by market capitalisation. Over the past 30 days, SN23 is ahead by 63.2 percentage points (SN23 +56.3% against SN64 -6.9%). Their daily returns move very closely together (correlation 0.94 across 23 shared trading days). Both have run at a similar volatility, around 132% annualised.

Correlation: 0.94
Size ratio: 1 : 13.1
Ahead over 30 days: SN23

NuanceSN23

$1.4700

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

ChutesSN64

$15.3500

24h: +4.34%
Market cap: $97.12M
Volume 24h: $190,954
Volatility (ann.): 141%

SN23 7.1%Share of the two combined market caps92.9% SN64

Performance

SN23SN64

7 days+14.39%-11.80%SN23
30 days+56.31%-6.90%SN23

Correlation

0.94over 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	SN23	SN64
Max drawdown (400d)	-20.5%	-32.6%
Risk-adjusted return (90d)	0.46	0.00

Relative strength over 90 days: SN23 outperformed SN64 by 30.7% — measured on the SN23/SN64 ratio, so it holds regardless of market direction.

Nuance →Chutes →