iMe Lab vs Backpack

Backpack (BP) is 186.6× the size of iMe Lab (LIME) by market capitalisation. Over the past 30 days, BP is ahead by 76.3 percentage points (LIME -9.8% against BP +66.5%). Their daily returns move closely together (correlation 0.72 across 26 shared trading days). BP has been the more volatile of the two, at 504% annualised against LIME's 105%.

Correlation: 0.72
Size ratio: 1 : 186.6
Ahead over 30 days: BP

iMe LabLIME

$0.001483

24h: +0.17%
Market cap: $1.26M
Volume 24h: $103,391
Volatility (ann.): 105%

BackpackBP

$0.943573

24h: +8.92%
Market cap: $235.91M
Volume 24h: $5.09M
Volatility (ann.): 504%

LIME 0.5%Share of the two combined market caps99.5% BP

Performance

LIMEBP

7 days-19.98%-5.55%BP
30 days-9.78%+66.51%BP

Correlation

0.72over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7290d: 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	LIME	BP
Max drawdown (400d)	-25.3%	-35.1%
Risk-adjusted return (90d)	-0.22	0.27

Relative strength over 90 days: BP outperformed LIME by 64.3% — measured on the LIME/BP ratio, so it holds regardless of market direction.

iMe Lab →Backpack →