Synth vs affine

affine (SN120) is 10.0× the size of Synth (SN50) by market capitalisation. Over the past 30 days, SN50 is ahead by 2.8 percentage points (SN50 -16.9% against SN120 -19.7%). Their daily returns move closely together (correlation 0.80 across 26 shared trading days). SN120 has been the more volatile of the two, at 118% annualised against SN50's 99%.

Correlation: 0.80
Size ratio: 1 : 10.0
Ahead over 30 days: SN50

SynthSN50

$0.797100

24h: +0.81%
Market cap: $4.46M
Volume 24h: $112,261
Volatility (ann.): 99%

affineSN120

$10.0600

24h: +5.03%
Market cap: $44.73M
Volume 24h: $155,628
Volatility (ann.): 118%

SN50 9.1%Share of the two combined market caps90.9% SN120

Performance

SN50SN120

7 days-3.28%-13.26%SN50
30 days-16.90%-19.70%SN50

Correlation

0.80over 26 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	SN50	SN120
Max drawdown (400d)	-32.0%	-37.7%
Risk-adjusted return (90d)	-0.17	-0.16

Relative strength over 90 days: SN120 outperformed SN50 by 30.4% — measured on the SN50/SN120 ratio, so it holds regardless of market direction.

Synth →affine →