Litecoin (LTC) is 905327.1× the size of Arcane (ARCANE) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 134 shared trading days). ARCANE has been the more volatile of the two, at 172162% annualised against LTC's 62%.
ARCANELTC
-0.01over 134 shared trading days
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.
| Metric | ARCANE | LTC |
|---|---|---|
| Max drawdown (400d) | -100.0% | -67.5% |
| Risk-adjusted return (90d) | -0.37 | 0.38 |
| Best 30 days (past year) | — | +45.4% |
| Worst 30 days (past year) | — | -39.5% |
Relative strength over 90 days: LTC outperformed ARCANE by 100.0% — measured on the ARCANE/LTC ratio, so it holds regardless of market direction.