lium vs Render

Render (RENDER) is 6.1× the size of lium (SN51) by market capitalisation. Their daily returns move closely together (correlation 0.84 across 57 shared trading days). SN51 has been the more volatile of the two, at 139% annualised against RENDER's 95%.

Correlation: 0.84
Size ratio: 1 : 6.1

liumSN51

$28.1200

24h: +5.75%
Market cap: $142.69M
Volume 24h: $1.61M
Volatility (ann.): 139%

RenderRENDER

$1.6350

24h: +6.31%
Market cap: $870.19M
Volume 24h: $34.72M
Volatility (ann.): 95%

SN51 14.1%Share of the two combined market caps85.9% RENDER

Performance

SN51RENDER

7 days-12.01%-5.87%RENDER
30 days+21.60%-22.32%SN51
90 days—+19.61%—
1 year—-13.86%—

Correlation

0.84over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9090d: 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	SN51	RENDER
Max drawdown (400d)	-19.1%	-66.8%
Risk-adjusted return (90d)	0.66	0.26
Best 30 days (past year)	—	+82.4%
Worst 30 days (past year)	—	-49.7%

Relative strength over 90 days: SN51 outperformed RENDER by 50.7% — measured on the SN51/RENDER ratio, so it holds regardless of market direction.

lium →Render →