RedTeam vs affine

affine (SN120) is 6.7× the size of RedTeam (SN61) by market capitalisation. Over the past 30 days, SN61 is ahead by 77.7 percentage points (SN61 +58.0% against SN120 -19.7%). Their daily returns move barely together (correlation 0.05 across 26 shared trading days). SN61 has been the more volatile of the two, at 199% annualised against SN120's 118%.

Correlation: 0.05
Size ratio: 1 : 6.7
Ahead over 30 days: SN61

RedTeamSN61

$1.1700

24h: -6.22%
Market cap: $6.60M
Volume 24h: $778,259
Volatility (ann.): 199%

affineSN120

$10.0100

24h: +3.71%
Market cap: $44.51M
Volume 24h: $197,323
Volatility (ann.): 118%

SN61 12.9%Share of the two combined market caps87.1% SN120

Performance

SN61SN120

7 days+15.69%-13.26%SN61
30 days+58.04%-19.70%SN61

Correlation

0.05over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	SN61	SN120
Max drawdown (400d)	-40.5%	-37.7%
Risk-adjusted return (90d)	0.29	-0.16

Relative strength over 90 days: SN61 outperformed SN120 by 31.1% — measured on the SN61/SN120 ratio, so it holds regardless of market direction.

RedTeam →affine →