OMEGA Labs vs lium

lium (SN51) is 9.3× the size of OMEGA Labs (SN24) by market capitalisation. Over the past 30 days, SN24 is ahead by 29.2 percentage points (SN24 +50.7% against SN51 +21.6%). Their daily returns move closely together (correlation 0.65 across 24 shared trading days). SN51 has been the more volatile of the two, at 139% annualised against SN24's 110%.

Correlation: 0.65
Size ratio: 1 : 9.3
Ahead over 30 days: SN24

OMEGA LabsSN24

$2.7100

24h: +1.98%
Market cap: $14.78M
Volume 24h: $987,248
Volatility (ann.): 110%

liumSN51

$27.0700

24h: -1.15%
Market cap: $137.38M
Volume 24h: $4.58M
Volatility (ann.): 139%

SN24 9.7%Share of the two combined market caps90.3% SN51

Performance

SN24SN51

7 days-1.42%-12.01%SN24
30 days+50.75%+21.60%SN24

Correlation

0.65over 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	SN24	SN51
Max drawdown (400d)	-11.3%	-19.1%
Risk-adjusted return (90d)	0.46	0.66

Relative strength over 90 days: SN24 outperformed SN51 by 6.2% — measured on the SN24/SN51 ratio, so it holds regardless of market direction.

OMEGA Labs →lium →