Quantum Innovate vs lium

lium (SN51) is 23.8× the size of Quantum Innovate (SN63) by market capitalisation. Over the past 30 days, SN51 is ahead by 53.8 percentage points (SN63 -37.7% against SN51 +16.1%). Their daily returns move closely together (correlation 0.61 across 24 shared trading days). SN51 has been the more volatile of the two, at 140% annualised against SN63's 116%.

Correlation: 0.61
Size ratio: 1 : 23.8
Ahead over 30 days: SN51

Quantum InnovateSN63

$1.0110

24h: -0.20%
Market cap: $5.67M
Volume 24h: $7,300
Volatility (ann.): 116%

liumSN51

$26.6600

24h: +5.51%
Market cap: $135.07M
Volume 24h: $4.50M
Volatility (ann.): 140%

SN63 4.0%Share of the two combined market caps96.0% SN51

Performance

SN63SN51

7 days-5.34%-13.99%SN63
30 days-37.69%+16.13%SN51

Correlation

0.61over 24 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	SN63	SN51
Max drawdown (400d)	-45.9%	-19.1%
Risk-adjusted return (90d)	-0.32	0.59

Relative strength over 90 days: SN51 outperformed SN63 by 56.1% — measured on the SN63/SN51 ratio, so it holds regardless of market direction.

Quantum Innovate →lium →