FakeNews vs lium

lium (SN51) is 46.0× the size of FakeNews (SN66) by market capitalisation. Over the past 30 days, SN66 is ahead by 58.9 percentage points (SN66 +75.0% against SN51 +16.1%). Their daily returns move barely in opposite directions (correlation -0.27 across 23 shared trading days). SN66 has been the more volatile of the two, at 236% annualised against SN51's 140%.

Correlation: -0.27
Size ratio: 1 : 46.0
Ahead over 30 days: SN66

FakeNewsSN66

$0.555919

24h: +1.61%
Market cap: $2.93M
Volume 24h: $118,207
Volatility (ann.): 236%

liumSN51

$26.5300

24h: +0.75%
Market cap: $134.43M
Volume 24h: $3.35M
Volatility (ann.): 140%

SN66 2.1%Share of the two combined market caps97.9% SN51

Performance

SN66SN51

7 days+8.34%-13.99%SN66
30 days+75.05%+16.13%SN66

Correlation

-0.27over 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	SN66	SN51
Max drawdown (400d)	-22.3%	-19.1%
Risk-adjusted return (90d)	0.32	0.59

Relative strength over 90 days: SN66 outperformed SN51 by 24.0% — measured on the SN66/SN51 ratio, so it holds regardless of market direction.

FakeNews →lium →