FlameWire vs lium

lium (SN51) is 24.8× the size of FlameWire (SN97) by market capitalisation. Over the past 30 days, SN51 is ahead by 28.6 percentage points (SN97 -12.5% against SN51 +16.1%). Their daily returns move closely together (correlation 0.65 across 24 shared trading days). SN51 has been the more volatile of the two, at 140% annualised against SN97's 112%.

Correlation: 0.65
Size ratio: 1 : 24.8
Ahead over 30 days: SN51

FlameWireSN97

$2.6300

24h: -0.91%
Market cap: $5.51M
Volume 24h: $105,944
Volatility (ann.): 112%

liumSN51

$26.9400

24h: +1.74%
Market cap: $136.49M
Volume 24h: $3.40M
Volatility (ann.): 140%

SN97 3.9%Share of the two combined market caps96.1% SN51

Performance

SN97SN51

7 days-13.38%-13.99%SN97
30 days-12.46%+16.13%SN51

Correlation

0.65over 24 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	SN97	SN51
Max drawdown (400d)	-30.1%	-19.1%
Risk-adjusted return (90d)	-0.11	0.59

Relative strength over 90 days: SN51 outperformed SN97 by 38.3% — measured on the SN97/SN51 ratio, so it holds regardless of market direction.

FlameWire →lium →