Anonymous Cat vs Popcat

Popcat (POPCAT) is 1.5× the size of Anonymous Cat (ZCAT) by market capitalisation. Over the past 30 days, POPCAT is ahead by 27.6 percentage points (ZCAT -43.4% against POPCAT -15.8%). Their daily returns move loosely together (correlation 0.40 across 24 shared trading days). ZCAT has been the more volatile of the two, at 290% annualised against POPCAT's 102%.

Correlation: 0.40
Size ratio: 1 : 1.5
Ahead over 30 days: POPCAT

Anonymous CatZCAT

$0.026920

24h: +20.56%
Market cap: $26.00M
Volume 24h: $2.03M
Volatility (ann.): 290%

PopcatPOPCAT

$0.040287

24h: +4.13%
Market cap: $39.48M
Volume 24h: $3.97M
Volatility (ann.): 102%

ZCAT 39.7%Share of the two combined market caps60.3% POPCAT

Performance

ZCATPOPCAT

7 days-47.53%-8.15%POPCAT
30 days-43.37%-15.77%POPCAT

Correlation

0.40over 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	ZCAT	POPCAT
Max drawdown (400d)	-67.3%	-35.5%
Risk-adjusted return (90d)	-0.20	-0.13

Relative strength over 90 days: POPCAT outperformed ZCAT by 37.3% — measured on the ZCAT/POPCAT ratio, so it holds regardless of market direction.

Anonymous Cat →Popcat →