True Performance Network vs affine

affine (SN120) is 12.6× the size of True Performance Network (SN65) by market capitalisation. Over the past 30 days, SN65 is ahead by 13.7 percentage points (SN65 -6.0% against SN120 -19.7%). Their daily returns move closely together (correlation 0.80 across 25 shared trading days). Both have run at a similar volatility, around 112% annualised.

Correlation: 0.80
Size ratio: 1 : 12.6
Ahead over 30 days: SN65

True Performance NetworkSN65

$0.666170

24h: -4.36%
Market cap: $3.40M
Volume 24h: $720,786
Volatility (ann.): 107%

affineSN120

$9.6600

24h: +2.16%
Market cap: $42.97M
Volume 24h: $696,180
Volatility (ann.): 118%

SN65 7.3%Share of the two combined market caps92.7% SN120

Performance

SN65SN120

7 days-0.65%-13.26%SN65
30 days-5.96%-19.70%SN65

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	SN65	SN120
Max drawdown (400d)	-28.3%	-37.7%
Risk-adjusted return (90d)	-0.06	-0.16

Relative strength over 90 days: SN120 outperformed SN65 by 23.2% — measured on the SN65/SN120 ratio, so it holds regardless of market direction.

True Performance Network →affine →