Loopring vs OKB

OKB (OKB) is 211.6× the size of Loopring (LRC) by market capitalisation. Their daily returns move barely together (correlation 0.16 across 23 shared trading days). LRC has been the more volatile of the two, at 105% annualised against OKB's 53%.

Correlation: 0.16
Size ratio: 1 : 211.6

LoopringLRC

$0.018790

24h: +0.05%
Market cap: $10.74M
Volume 24h: $2.06M
Volatility (ann.): 105%

OKBOKB

$108.2500

24h: +0.28%
Market cap: $2.27B
Volume 24h: $21.14M
Volatility (ann.): 53%

LRC 0.5%Share of the two combined market caps99.5% OKB

Performance

LRCOKB

7 days-2.03%-0.94%OKB
30 days-24.62%-4.69%OKB
90 days-80.50%——

Correlation

0.16over 23 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	LRC	OKB
Max drawdown (400d)	-91.4%	-12.2%
Risk-adjusted return (90d)	-0.67	0.06

Relative strength over 90 days: OKB outperformed LRC by 10.5% — measured on the LRC/OKB ratio, so it holds regardless of market direction.

Loopring →OKB →