Aster (ASTER) is 804.5× the size of UniLayer (LAYER) by market capitalisation. Over the past 1 year, ASTER is ahead by 76.4 percentage points (LAYER -99.9% against ASTER -23.5%). Their daily returns move barely together (correlation 0.31 across 362 shared trading days). LAYER has been the more volatile of the two, at 138% annualised against ASTER's 90%.
LAYERASTER
0.31over 362 shared trading days
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.
| Metric | LAYER | ASTER |
|---|---|---|
| Max drawdown (400d) | -99.9% | -77.3% |
| Risk-adjusted return (90d) | -0.48 | 0.31 |
| Best 30 days (past year) | +50.0% | +47.6% |
| Worst 30 days (past year) | -99.2% | -51.6% |
Relative strength over 90 days: ASTER outperformed LAYER by 99.2% — measured on the LAYER/ASTER ratio, so it holds regardless of market direction.