LayerX vs Akedo

Akedo (AKE) is 212.0× the size of LayerX (LX) by market capitalisation. Over the past 30 days, LX is ahead by 37.3 percentage points (LX -38.1% against AKE -75.4%). Their daily returns move barely together (correlation 0.02 across 23 shared trading days). AKE has been the more volatile of the two, at 452% annualised against LX's 143%.

Correlation: 0.02
Size ratio: 1 : 212.0
Ahead over 30 days: LX

LayerXLX

$3.000e-5

24h: +4.16%
Market cap: $299,983
Volume 24h: $112
Volatility (ann.): 143%

AkedoAKE

$0.002792

24h: -33.26%
Market cap: $63.61M
Volume 24h: $20.53M
Volatility (ann.): 452%

LX 0.5%Share of the two combined market caps99.5% AKE

Performance

LXAKE

7 days-20.58%-81.30%LX
30 days-38.07%-75.40%LX

Correlation

0.02over 23 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	LX	AKE
Max drawdown (400d)	-44.6%	-89.7%
Risk-adjusted return (90d)	-0.28	-0.13

Relative strength over 90 days: LX outperformed AKE by 356.1% — measured on the LX/AKE ratio, so it holds regardless of market direction.

LayerX →Akedo →