The Graph (GRT) is 160.2× the size of Lotos (LTS) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 40 shared trading days). Both have run at a similar volatility, around 91% annualised.
LTSGRT
0.42over 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 | GRT |
|---|---|---|
| Max drawdown (400d) | -42.2% | -85.1% |
| Risk-adjusted return (90d) | -0.43 | 0.30 |
| Best 30 days (past year) | — | +115.0% |
| Worst 30 days (past year) | — | -41.8% |
Relative strength over 90 days: GRT outperformed LTS by 52.5% — measured on the LTS/GRT ratio, so it holds regardless of market direction.