LayerX vs TAGGER

TAGGER (TAG) is 268.5× the size of LayerX (LX) by market capitalisation. Over the past 30 days, TAG is ahead by 50.1 percentage points (LX -38.1% against TAG +12.1%). Their daily returns move barely in opposite directions (correlation -0.01 across 20 shared trading days). TAG has been the more volatile of the two, at 206% annualised against LX's 143%.

Correlation: -0.01
Size ratio: 1 : 268.5
Ahead over 30 days: TAG

LayerXLX

$3.000e-5

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

TAGGERTAG

$0.000740

24h: -4.52%
Market cap: $80.55M
Volume 24h: $1.93M
Volatility (ann.): 206%

LX 0.4%Share of the two combined market caps99.6% TAG

Performance

LXTAG

7 days-20.58%+10.10%TAG
30 days-38.07%+12.08%TAG

Correlation

-0.01over 20 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	TAG
Max drawdown (400d)	-44.6%	-52.8%
Risk-adjusted return (90d)	-0.28	-0.11

Relative strength over 90 days: TAG outperformed LX by 43.5% — measured on the LX/TAG ratio, so it holds regardless of market direction.

LayerX →TAGGER →