Blockmachine vs lium

lium (SN51) is 12.5× the size of Blockmachine (SN19) by market capitalisation. Over the past 30 days, SN51 is ahead by 3.6 percentage points (SN19 +12.6% against SN51 +16.1%). Their daily returns move very closely together (correlation 0.90 across 24 shared trading days). SN51 has been the more volatile of the two, at 140% annualised against SN19's 106%.

Correlation: 0.90
Size ratio: 1 : 12.5
Ahead over 30 days: SN51

BlockmachineSN19

$2.0200

24h: -0.29%
Market cap: $10.82M
Volume 24h: $10,573
Volatility (ann.): 106%

liumSN51

$26.6400

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

SN19 7.4%Share of the two combined market caps92.6% SN51

Performance

SN19SN51

7 days-2.46%-13.99%SN19
30 days+12.55%+16.13%SN51

Correlation

0.90over 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	SN19	SN51
Max drawdown (400d)	-22.8%	-19.1%
Risk-adjusted return (90d)	0.12	0.59

Relative strength over 90 days: SN51 outperformed SN19 by 20.7% — measured on the SN19/SN51 ratio, so it holds regardless of market direction.

Blockmachine →lium →