League of Traders vs Midnight

Midnight (NIGHT) is 265.7× the size of League of Traders (LOT) by market capitalisation. Over the past 90 days, NIGHT is ahead by 151.2 percentage points (LOT -20.4% against NIGHT +130.8%). Their daily returns move barely in opposite directions (correlation -0.12 across 110 shared trading days). NIGHT has been the more volatile of the two, at 114% annualised against LOT's 80%.

Correlation: -0.12
Size ratio: 1 : 265.7
Ahead over 90 days: NIGHT

League of TradersLOT

$0.005036

24h: -0.59%
Market cap: $2.80M
Volume 24h: $122,280
Volatility (ann.): 80%

MidnightNIGHT

$0.045000

24h: +4.92%
Market cap: $742.77M
Volume 24h: $163.03M
Volatility (ann.): 114%

LOT 0.4%Share of the two combined market caps99.6% NIGHT

Performance

LOTNIGHT

7 days-8.90%+2.62%NIGHT
30 days-22.16%-3.75%NIGHT
90 days-20.42%+130.81%NIGHT

Correlation

-0.12over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: -0.131y: 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	LOT	NIGHT
Max drawdown (400d)	-31.1%	-67.2%
Risk-adjusted return (90d)	-0.24	1.09

Relative strength over 90 days: NIGHT outperformed LOT by 42.1% — measured on the LOT/NIGHT ratio, so it holds regardless of market direction.

League of Traders →Midnight →