Precog vs Chutes

Chutes (SN64) is 35.3× the size of Precog (SN55) by market capitalisation. Over the past 30 days, SN55 is ahead by 9.5 percentage points (SN55 +2.6% against SN64 -6.9%). Their daily returns move closely together (correlation 0.82 across 23 shared trading days). SN64 has been the more volatile of the two, at 141% annualised against SN55's 109%.

Correlation: 0.82
Size ratio: 1 : 35.3
Ahead over 30 days: SN55

PrecogSN55

$0.499027

24h: -1.26%
Market cap: $2.75M
Volume 24h: $124,872
Volatility (ann.): 109%

ChutesSN64

$15.3300

24h: +1.65%
Market cap: $97.02M
Volume 24h: $351,621
Volatility (ann.): 141%

SN55 2.8%Share of the two combined market caps97.2% SN64

Performance

SN55SN64

7 days-0.60%-11.80%SN55
30 days+2.59%-6.90%SN55

Correlation

0.82over 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	SN55	SN64
Max drawdown (400d)	-29.4%	-32.6%
Risk-adjusted return (90d)	0.02	0.00

Relative strength over 90 days: SN64 outperformed SN55 by 14.3% — measured on the SN55/SN64 ratio, so it holds regardless of market direction.

Precog →Chutes →