nuit vs Akedo

Akedo (AKE) is 1269.4× the size of nuit (NUIT) by market capitalisation. Over the past 30 days, NUIT is ahead by 41.4 percentage points (NUIT -41.7% against AKE -83.2%). Their daily returns move barely together (correlation 0.06 across 23 shared trading days). AKE has been the more volatile of the two, at 457% annualised against NUIT's 123%.

Correlation: 0.06
Size ratio: 1 : 1269.4
Ahead over 30 days: NUIT

nuitNUIT

$4.509e-5

24h: -0.75%
Market cap: $45,093
Volume 24h: $12
Volatility (ann.): 123%

AkedoAKE

$0.002511

24h: -19.39%
Market cap: $57.24M
Volume 24h: $23.17M
Volatility (ann.): 457%

NUIT 0.1%Share of the two combined market caps99.9% AKE

Performance

NUITAKE

7 days-10.78%-88.63%NUIT
30 days-41.75%-83.17%NUIT

Correlation

0.06over 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	NUIT	AKE
Max drawdown (400d)	-41.8%	-93.5%
Risk-adjusted return (90d)	-0.19	-0.16

Relative strength over 90 days: NUIT outperformed AKE by 656.8% — measured on the NUIT/AKE ratio, so it holds regardless of market direction.

nuit →Akedo →