throne vs Lighter

Lighter (LIT) is 1891.9× the size of throne (THRONE) by market capitalisation. Over the past 30 days, LIT is ahead by 0.9 percentage points (THRONE -17.9% against LIT -16.9%). Their daily returns move barely together (correlation 0.05 across 36 shared trading days). THRONE has been the more volatile of the two, at 182% annualised against LIT's 118%.

Correlation: 0.05
Size ratio: 1 : 1891.9
Ahead over 30 days: LIT

throneTHRONE

$0.000442

24h: +2.62%
Market cap: $442,354
Volume 24h: $7,501
Volatility (ann.): 182%

LighterLIT

$0.743000

24h: +2.50%
Market cap: $836.88M
Volume 24h: $110.78M
Volatility (ann.): 118%

THRONE 0.1%Share of the two combined market caps99.9% LIT

Performance

THRONELIT

7 days+1.66%+13.99%LIT
30 days-17.86%-16.92%LIT

Correlation

0.05over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	THRONE	LIT
Max drawdown (400d)	-47.3%	-42.9%
Risk-adjusted return (90d)	-0.06	-0.26

Relative strength over 90 days: THRONE outperformed LIT by 5.0% — measured on the THRONE/LIT ratio, so it holds regardless of market direction.

throne →Lighter →