Navigator Exchange vs Lighter

Lighter (LIT) is 7508.7× the size of Navigator Exchange (NAVI) by market capitalisation. Over the past 30 days, LIT is ahead by 7.6 percentage points (NAVI -24.5% against LIT -16.9%). Their daily returns move barely together (correlation 0.15 across 31 shared trading days). NAVI has been the more volatile of the two, at 220% annualised against LIT's 118%.

Correlation: 0.15
Size ratio: 1 : 7508.7
Ahead over 30 days: LIT

Navigator ExchangeNAVI

$0.030304

24h: +5.62%
Market cap: $114,135
Volume 24h: $38
Volatility (ann.): 220%

LighterLIT

$0.743000

24h: -0.63%
Market cap: $857.00M
Volume 24h: $98.00M
Volatility (ann.): 118%

NAVI 0.0%Share of the two combined market caps100.0% LIT

Performance

NAVILIT

7 days-3.00%+13.99%LIT
30 days-24.48%-16.92%LIT

Correlation

0.15over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	NAVI	LIT
Max drawdown (400d)	-58.3%	-42.9%
Risk-adjusted return (90d)	-0.11	-0.26

Relative strength over 90 days: LIT outperformed NAVI by 13.8% — measured on the NAVI/LIT ratio, so it holds regardless of market direction.

Navigator Exchange →Lighter →