WATCoin vs Loaded Lions

Loaded Lions (LION) is 1611.5× the size of WATCoin (WAT) by market capitalisation. Their daily returns move closely together (correlation 0.66 across 42 shared trading days). WAT has been the more volatile of the two, at 112% annualised against LION's 72%.

Correlation: 0.66
Size ratio: 1 : 1611.5

WATCoinWAT

$1.640e-6

24h: +9.22%
Market cap: $21,094
Volume 24h: $116
Volatility (ann.): 112%

Loaded LionsLION

$0.001108

24h: -5.98%
Market cap: $33.99M
Volume 24h: $58,169
Volatility (ann.): 72%

WAT 0.1%Share of the two combined market caps99.9% LION

Performance

WATLION

7 days-53.40%-3.22%LION
30 days-37.28%-29.00%LION
90 days-63.40%——

Correlation

0.66over 42 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6890d: 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	WAT	LION
Max drawdown (400d)	-75.3%	-33.0%
Risk-adjusted return (90d)	-0.45	-0.35

Relative strength over 90 days: LION outperformed WAT by 22.1% — measured on the WAT/LION ratio, so it holds regardless of market direction.

WATCoin →Loaded Lions →