Desearch vs lium

lium (SN51) is 42.5× the size of Desearch (SN22) by market capitalisation. Over the past 30 days, SN22 is ahead by 4.1 percentage points (SN22 +20.2% against SN51 +16.1%). Their daily returns move very closely together (correlation 0.92 across 23 shared trading days). SN51 has been the more volatile of the two, at 140% annualised against SN22's 104%.

Correlation: 0.92
Size ratio: 1 : 42.5
Ahead over 30 days: SN22

DesearchSN22

$0.626226

24h: -1.87%
Market cap: $3.18M
Volume 24h: $21,149
Volatility (ann.): 104%

liumSN51

$26.6600

24h: +5.11%
Market cap: $135.09M
Volume 24h: $4.52M
Volatility (ann.): 140%

SN22 2.3%Share of the two combined market caps97.7% SN51

Performance

SN22SN51

7 days-3.78%-13.99%SN22
30 days+20.21%+16.13%SN22

Correlation

0.92over 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	SN22	SN51
Max drawdown (400d)	-21.1%	-19.1%
Risk-adjusted return (90d)	0.19	0.59

Relative strength over 90 days: SN51 outperformed SN22 by 15.5% — measured on the SN22/SN51 ratio, so it holds regardless of market direction.

Desearch →lium →