Polymtrade vs Akedo

Akedo (AKE) is 188.3× the size of Polymtrade (PM) by market capitalisation. Over the past 30 days, PM is ahead by 66.6 percentage points (PM -16.5% against AKE -83.2%). Their daily returns move barely together (correlation 0.03 across 24 shared trading days). AKE has been the more volatile of the two, at 457% annualised against PM's 92%.

Correlation: 0.03
Size ratio: 1 : 188.3
Ahead over 30 days: PM

PolymtradePM

$0.000400

24h: -1.26%
Market cap: $314,617
Volume 24h: $2,654
Volatility (ann.): 92%

AkedoAKE

$0.002598

24h: -18.40%
Market cap: $59.23M
Volume 24h: $24.28M
Volatility (ann.): 457%

PM 0.5%Share of the two combined market caps99.5% AKE

Performance

PMAKE

7 days-12.18%-88.63%PM
30 days-16.53%-83.17%PM

Correlation

0.03over 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	PM	AKE
Max drawdown (400d)	-18.1%	-93.5%
Risk-adjusted return (90d)	-0.05	-0.16

Relative strength over 90 days: PM outperformed AKE by 711.0% — measured on the PM/AKE ratio, so it holds regardless of market direction.

Polymtrade →Akedo →