Graphite vs lium

lium (SN51) is 28.7× the size of Graphite (SN43) by market capitalisation. Over the past 30 days, SN51 is ahead by 12.7 percentage points (SN43 +3.4% against SN51 +16.1%). Their daily returns move very closely together (correlation 0.88 across 24 shared trading days). SN51 has been the more volatile of the two, at 140% annualised against SN43's 112%.

Correlation: 0.88
Size ratio: 1 : 28.7
Ahead over 30 days: SN51

GraphiteSN43

$0.888533

24h: -0.10%
Market cap: $4.71M
Volume 24h: $128
Volatility (ann.): 112%

liumSN51

$26.6400

24h: +0.68%
Market cap: $134.99M
Volume 24h: $3.74M
Volatility (ann.): 140%

SN43 3.4%Share of the two combined market caps96.6% SN51

Performance

SN43SN51

7 days-7.58%-13.99%SN43
30 days+3.39%+16.13%SN51

Correlation

0.88over 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	SN43	SN51
Max drawdown (400d)	-21.7%	-19.1%
Risk-adjusted return (90d)	0.03	0.59

Relative strength over 90 days: SN51 outperformed SN43 by 27.1% — measured on the SN43/SN51 ratio, so it holds regardless of market direction.

Graphite →lium →