Open Campus (EDU) is 119.9× the size of Lucrar (LCR) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 36 shared trading days). EDU has been the more volatile of the two, at 126% annualised against LCR's 50%.
LCREDU
0.32over 36 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 | LCR | EDU |
|---|---|---|
| Max drawdown (400d) | -12.6% | -87.8% |
| Risk-adjusted return (90d) | -0.03 | 0.66 |
| Best 30 days (past year) | — | +70.0% |
| Worst 30 days (past year) | — | -55.0% |
Relative strength over 90 days: LCR outperformed EDU by 4.5% — measured on the LCR/EDU ratio, so it holds regardless of market direction.