Luminous vs SPX6900

SPX6900 (SPX) is 1804.1× the size of Luminous (LUM) by market capitalisation. Over the past 30 days, LUM is ahead by 17.5 percentage points (LUM -5.0% against SPX -22.5%). Their daily returns move barely in opposite directions (correlation -0.05 across 24 shared trading days). LUM has been the more volatile of the two, at 179% annualised against SPX's 112%.

Correlation: -0.05
Size ratio: 1 : 1804.1
Ahead over 30 days: LUM

LuminousLUM

$0.186413

24h: +17.04%
Market cap: $186,418
Volume 24h: $1,747
Volatility (ann.): 179%

SPX6900SPX

$0.361250

24h: -4.38%
Market cap: $336.32M
Volume 24h: $7.57M
Volatility (ann.): 112%

LUM 0.1%Share of the two combined market caps99.9% SPX

Performance

LUMSPX

7 days+11.39%-5.36%LUM
30 days-5.03%-22.50%LUM

Correlation

-0.05over 24 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	LUM	SPX
Max drawdown (400d)	-37.0%	-42.9%
Risk-adjusted return (90d)	-0.07	0.16

Relative strength over 90 days: SPX outperformed LUM by 9.2% — measured on the LUM/SPX ratio, so it holds regardless of market direction.

Luminous →SPX6900 →