Pareton vs lium

lium (SN51) is 25.0× the size of Pareton (SN10) by market capitalisation. Over the past 30 days, SN51 is ahead by 55.2 percentage points (SN10 -39.1% against SN51 +16.1%). Their daily returns move barely together (correlation 0.33 across 25 shared trading days). SN10 has been the more volatile of the two, at 207% annualised against SN51's 140%.

Correlation: 0.33
Size ratio: 1 : 25.0
Ahead over 30 days: SN51

ParetonSN10

$1.0020

24h: -0.58%
Market cap: $5.39M
Volume 24h: $78,804
Volatility (ann.): 207%

liumSN51

$26.6400

24h: +3.01%
Market cap: $135.00M
Volume 24h: $4.12M
Volatility (ann.): 140%

SN10 3.8%Share of the two combined market caps96.2% SN51

Performance

SN10SN51

7 days-48.42%-13.99%SN51
30 days-39.06%+16.13%SN51

Correlation

0.33over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	SN10	SN51
Max drawdown (400d)	-49.9%	-19.1%
Risk-adjusted return (90d)	-0.19	0.59

Relative strength over 90 days: SN51 outperformed SN10 by 60.0% — measured on the SN10/SN51 ratio, so it holds regardless of market direction.

Pareton →lium →