Level 114 vs lium

lium (SN51) is 16.0× the size of Level 114 (SN114) by market capitalisation. Over the past 30 days, SN114 is ahead by 67.9 percentage points (SN114 +89.5% against SN51 +21.6%). Their daily returns move closely together (correlation 0.71 across 24 shared trading days). Both have run at a similar volatility, around 146% annualised.

Correlation: 0.71
Size ratio: 1 : 16.0
Ahead over 30 days: SN114

Level 114SN114

$3.9500

24h: -0.81%
Market cap: $8.94M
Volume 24h: $506,099
Volatility (ann.): 154%

liumSN51

$28.1700

24h: +5.68%
Market cap: $142.98M
Volume 24h: $1.64M
Volatility (ann.): 139%

SN114 5.9%Share of the two combined market caps94.1% SN51

Performance

SN114SN51

7 days+13.91%-12.01%SN114
30 days+89.46%+21.60%SN114

Correlation

0.71over 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	SN114	SN51
Max drawdown (400d)	-15.8%	-19.1%
Risk-adjusted return (90d)	0.58	0.66

Relative strength over 90 days: SN114 outperformed SN51 by 33.5% — measured on the SN114/SN51 ratio, so it holds regardless of market direction.

Level 114 →lium →