Snowbank vs NetNet

Snowbank (SB) is 49.1× the size of NetNet (NET) by market capitalisation. Over the past 30 days, SB is ahead by 89.0 percentage points (SB +0.0% against NET -89.0%). Their daily returns move barely together (correlation 0.00 across 30 shared trading days). NET has been the more volatile of the two, at 405% annualised against SB's 65%.

Correlation: 0.00
Size ratio: 49.1×
Ahead over 30 days: SB

SnowbankSB

$234.9100

24h: +5.48%
Market cap: $37.50M
Volume 24h: $18
Volatility (ann.): 65%

NetNetNET

$158.4300

24h: -0.47%
Market cap: $764,299
Volume 24h: $602,348
Volatility (ann.): 405%

SB 98.0%Share of the two combined market caps2.0% NET

Performance

SBNET

7 days+0.01%-72.37%SB
30 days+0.03%-88.95%SB

Correlation

0.00over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0090d: 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	SB	NET
Max drawdown (400d)	-17.8%	-89.1%
Risk-adjusted return (90d)	-0.01	-0.22

Relative strength over 90 days: SB outperformed NET by 831.2% — measured on the SB/NET ratio, so it holds regardless of market direction.

Snowbank →NetNet →