Akedo (AKE) is 2494.6× the size of Laika AI (LKI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.22 across 23 shared trading days). AKE has been the more volatile of the two, at 454% annualised against LKI's 209%.
LKIAKE
-0.22over 23 shared trading days
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.
| Metric | LKI | AKE |
|---|---|---|
| Max drawdown (400d) | -97.3% | -94.2% |
| Risk-adjusted return (90d) | -0.32 | -0.17 |
Relative strength over 90 days: LKI outperformed AKE by 928.0% — measured on the LKI/AKE ratio, so it holds regardless of market direction.