ReadyAI vs Chutes

Chutes (SN64) is 27.6× the size of ReadyAI (SN33) by market capitalisation. Over the past 30 days, SN33 is ahead by 10.3 percentage points (SN33 +3.4% against SN64 -6.9%). Their daily returns move closely together (correlation 0.66 across 24 shared trading days). SN33 has been the more volatile of the two, at 180% annualised against SN64's 141%.

Correlation: 0.66
Size ratio: 1 : 27.6
Ahead over 30 days: SN33

ReadyAISN33

$0.715664

24h: +6.11%
Market cap: $3.64M
Volume 24h: $222,158
Volatility (ann.): 180%

ChutesSN64

$15.8900

24h: +5.05%
Market cap: $100.56M
Volume 24h: $349,759
Volatility (ann.): 141%

SN33 3.5%Share of the two combined market caps96.5% SN64

Performance

SN33SN64

7 days-12.86%-11.80%SN64
30 days+3.39%-6.90%SN33

Correlation

0.66over 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	SN33	SN64
Max drawdown (400d)	-33.9%	-32.6%
Risk-adjusted return (90d)	0.02	0.00

Relative strength over 90 days: SN64 outperformed SN33 by 13.1% — measured on the SN33/SN64 ratio, so it holds regardless of market direction.

ReadyAI →Chutes →