Pareton vs affine

affine (SN120) is 8.0× the size of Pareton (SN10) by market capitalisation. Over the past 30 days, SN120 is ahead by 19.4 percentage points (SN10 -39.1% against SN120 -19.7%). Their daily returns move very closely together (correlation 0.90 across 27 shared trading days). SN10 has been the more volatile of the two, at 207% annualised against SN120's 118%.

Correlation: 0.90
Size ratio: 1 : 8.0
Ahead over 30 days: SN120

ParetonSN10

$1.0020

24h: -0.58%
Market cap: $5.39M
Volume 24h: $78,804
Volatility (ann.): 207%

affineSN120

$9.7000

24h: +2.76%
Market cap: $43.20M
Volume 24h: $702,598
Volatility (ann.): 118%

SN10 11.1%Share of the two combined market caps88.9% SN120

Performance

SN10SN120

7 days-48.42%-13.26%SN120
30 days-39.06%-19.70%SN120

Correlation

0.90over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9090d: 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	SN10	SN120
Max drawdown (400d)	-49.9%	-37.7%
Risk-adjusted return (90d)	-0.19	-0.16

Relative strength over 90 days: SN120 outperformed SN10 by 21.9% — measured on the SN10/SN120 ratio, so it holds regardless of market direction.

Pareton →affine →