NI Compute vs lium

lium (SN51) is 53.5× the size of NI Compute (SN27) by market capitalisation. Over the past 30 days, SN51 is ahead by 5.2 percentage points (SN27 +11.0% against SN51 +16.1%). Their daily returns move very closely together (correlation 0.93 across 23 shared trading days). SN51 has been the more volatile of the two, at 140% annualised against SN27's 105%.

Correlation: 0.93
Size ratio: 1 : 53.5
Ahead over 30 days: SN51

NI ComputeSN27

$0.510257

24h: -0.01%
Market cap: $2.53M
Volume 24h: $25,680
Volatility (ann.): 105%

liumSN51

$26.6400

24h: +1.91%
Market cap: $134.99M
Volume 24h: $4.08M
Volatility (ann.): 140%

SN27 1.8%Share of the two combined market caps98.2% SN51

Performance

SN27SN51

7 days-7.49%-13.99%SN27
30 days+10.98%+16.13%SN51

Correlation

0.93over 23 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	SN27	SN51
Max drawdown (400d)	-22.9%	-19.1%
Risk-adjusted return (90d)	0.10	0.59

Relative strength over 90 days: SN51 outperformed SN27 by 22.0% — measured on the SN27/SN51 ratio, so it holds regardless of market direction.

NI Compute →lium →