Shuffle (SHFL) is 1042.9× the size of Lucky Block (LBLOCK) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.55 across 28 shared trading days). LBLOCK has been the more volatile of the two, at 4356% annualised against SHFL's 171%.
LBLOCKSHFL
-0.55over 28 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 | LBLOCK | SHFL |
|---|---|---|
| Max drawdown (400d) | -99.5% | -41.4% |
| Risk-adjusted return (90d) | -0.01 | 0.18 |
Relative strength over 90 days: SHFL outperformed LBLOCK by 52.7% — measured on the LBLOCK/SHFL ratio, so it holds regardless of market direction.