Pareton vs Chutes

Chutes (SN64) is 18.1× the size of Pareton (SN10) by market capitalisation. Over the past 30 days, SN64 is ahead by 32.2 percentage points (SN10 -39.1% against SN64 -6.9%). Their daily returns move closely together (correlation 0.80 across 25 shared trading days). SN10 has been the more volatile of the two, at 207% annualised against SN64's 141%.

Correlation: 0.80
Size ratio: 1 : 18.1
Ahead over 30 days: SN64

ParetonSN10

$1.0020

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

ChutesSN64

$15.4100

24h: +3.84%
Market cap: $97.50M
Volume 24h: $212,104
Volatility (ann.): 141%

SN10 5.2%Share of the two combined market caps94.8% SN64

Performance

SN10SN64

7 days-48.42%-11.80%SN64
30 days-39.06%-6.90%SN64

Correlation

0.80over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8090d: 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	SN64
Max drawdown (400d)	-49.9%	-32.6%
Risk-adjusted return (90d)	-0.19	0.00

Relative strength over 90 days: SN64 outperformed SN10 by 31.0% — measured on the SN10/SN64 ratio, so it holds regardless of market direction.

Pareton →Chutes →