Genius (GENIUS) is 73.4× the size of Lotos (LTS) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 40 shared trading days). Both have run at a similar volatility, around 96% annualised.
LTSGENIUS
0.04over 40 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 | LTS | GENIUS |
|---|---|---|
| Max drawdown (400d) | -42.2% | -61.7% |
| Risk-adjusted return (90d) | -0.43 | -0.20 |
Relative strength over 90 days: GENIUS outperformed LTS by 46.5% — measured on the LTS/GENIUS ratio, so it holds regardless of market direction.