Biconomy Exchange Token vs LEO Token

LEO Token (LEO) is 13817.4× the size of Biconomy Exchange Token (BIT) by market capitalisation. Over the past 30 days, LEO is ahead by 74.4 percentage points (BIT -72.4% against LEO +2.1%). Their daily returns move closely in opposite directions (correlation -0.73 across 26 shared trading days). BIT has been the more volatile of the two, at 237% annualised against LEO's 21%.

Correlation: -0.73
Size ratio: 1 : 13817.4
Ahead over 30 days: LEO

Biconomy Exchange TokenBIT

$2.300e-6

24h: -0.23%
Market cap: $620,948
Volume 24h: $787,695
Volatility (ann.): 237%

LEO TokenLEO

$9.3300

24h: +0.62%
Market cap: $8.58B
Volume 24h: $99,407
Volatility (ann.): 21%

BIT 0.0%Share of the two combined market caps100.0% LEO

Performance

BITLEO

7 days-74.49%+2.76%LEO
30 days-72.36%+2.09%LEO

Correlation

-0.73over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.7390d: 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	BIT	LEO
Max drawdown (400d)	-75.8%	-8.8%
Risk-adjusted return (90d)	-0.30	-0.02

Relative strength over 90 days: LEO outperformed BIT by 72.2% — measured on the BIT/LEO ratio, so it holds regardless of market direction.

Biconomy Exchange Token →LEO Token →