Somnium Space CUBEs vs Akedo

Akedo (AKE) is 30.1× the size of Somnium Space CUBEs (CUBE) by market capitalisation. Over the past 30 days, CUBE is ahead by 52.6 percentage points (CUBE -22.8% against AKE -75.4%). Their daily returns move barely in opposite directions (correlation -0.27 across 22 shared trading days). AKE has been the more volatile of the two, at 452% annualised against CUBE's 112%.

Correlation: -0.27
Size ratio: 1 : 30.1
Ahead over 30 days: CUBE

Somnium Space CUBEsCUBE

$0.064169

24h: —
Market cap: $2.44M
Volume 24h: $659
Volatility (ann.): 112%

AkedoAKE

$0.003217

24h: -21.84%
Market cap: $73.40M
Volume 24h: $21.70M
Volatility (ann.): 452%

CUBE 3.2%Share of the two combined market caps96.8% AKE

Performance

CUBEAKE

7 days-12.50%-81.30%CUBE
30 days-22.81%-75.40%CUBE

Correlation

-0.27over 22 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	CUBE	AKE
Max drawdown (400d)	-28.2%	-89.7%
Risk-adjusted return (90d)	-0.25	-0.13

Relative strength over 90 days: CUBE outperformed AKE by 41.3% — measured on the CUBE/AKE ratio, so it holds regardless of market direction.

Somnium Space CUBEs →Akedo →