K9 vs Lighter

Lighter (LIT) is 8301.8× the size of K9 (K9) by market capitalisation. Over the past 30 days, LIT is ahead by 23.7 percentage points (K9 -40.6% against LIT -16.9%). Their daily returns move barely together (correlation 0.07 across 33 shared trading days). LIT has been the more volatile of the two, at 118% annualised against K9's 94%.

Correlation: 0.07
Size ratio: 1 : 8301.8
Ahead over 30 days: LIT

K9K9

$8.951e-5

24h: +7.55%
Market cap: $100,519
Volume 24h: $223
Volatility (ann.): 94%

LighterLIT

$0.743000

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

K9 0.0%Share of the two combined market caps100.0% LIT

Performance

K9LIT

7 days-3.49%+13.99%LIT
30 days-40.59%-16.92%LIT

Correlation

0.07over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	K9	LIT
Max drawdown (400d)	-45.5%	-42.9%
Risk-adjusted return (90d)	-0.44	-0.26

Relative strength over 90 days: LIT outperformed K9 by 32.9% — measured on the K9/LIT ratio, so it holds regardless of market direction.

K9 →Lighter →