Hunter Biden's Laptop (LAPTOP) is 64.4× the size of Mr. Lightspeed Creator Coin (MR_LIGHTSPEED) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.07 across 20 shared trading days). LAPTOP has been the more volatile of the two, at 191% annualised against MR_LIGHTSPEED's 111%.
$0.000216
$0.043825
MR_LIGHTSPEEDLAPTOP
-0.07over 20 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 | MR_LIGHTSPEED | LAPTOP |
|---|---|---|
| Max drawdown (400d) | -39.1% | -60.9% |
| Risk-adjusted return (90d) | -0.18 | -0.30 |
Relative strength over 90 days: MR_LIGHTSPEED outperformed LAPTOP by 59.7% — measured on the MR_LIGHTSPEED/LAPTOP ratio, so it holds regardless of market direction.