Flash.Trade vs Lighter

Lighter (LIT) is 9068.0× the size of Flash.Trade (FAF) by market capitalisation. Over the past 30 days, FAF is ahead by 8.4 percentage points (FAF -8.5% against LIT -16.9%). Their daily returns move barely in opposite directions (correlation -0.05 across 34 shared trading days). LIT has been the more volatile of the two, at 118% annualised against FAF's 17%.

Correlation: -0.05
Size ratio: 1 : 9068.0
Ahead over 30 days: FAF

Flash.TradeFAF

$7.669e-5

24h: +0.12%
Market cap: $92,025
Volume 24h: $15
Volatility (ann.): 17%

LighterLIT

$0.743000

24h: -2.36%
Market cap: $834.48M
Volume 24h: $93.28M
Volatility (ann.): 118%

FAF 0.0%Share of the two combined market caps100.0% LIT

Performance

FAFLIT

7 days-0.22%+13.99%LIT
30 days-8.48%-16.92%FAF

Correlation

-0.05over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	FAF	LIT
Max drawdown (400d)	-9.3%	-42.9%
Risk-adjusted return (90d)	-0.53	-0.26

Relative strength over 90 days: FAF outperformed LIT by 3.6% — measured on the FAF/LIT ratio, so it holds regardless of market direction.

Flash.Trade →Lighter →