aura vs cat in a dogs world

cat in a dogs world (MEW) is 5.3× the size of aura (AURA) by market capitalisation. Over the past 30 days, MEW is ahead by 61.5 percentage points (AURA -66.5% against MEW -4.9%). Their daily returns move barely together (correlation 0.35 across 28 shared trading days). AURA has been the more volatile of the two, at 193% annualised against MEW's 99%.

Correlation: 0.35
Size ratio: 1 : 5.3
Ahead over 30 days: MEW

auraAURA

$0.006475

24h: -3.34%
Market cap: $6.24M
Volume 24h: $295,130
Volatility (ann.): 193%

cat in a dogs worldMEW

$0.000375

24h: -2.74%
Market cap: $33.30M
Volume 24h: $3.21M
Volatility (ann.): 99%

AURA 15.8%Share of the two combined market caps84.2% MEW

Performance

AURAMEW

7 days-4.55%-11.24%AURA
30 days-66.46%-4.93%MEW

Correlation

0.35over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	AURA	MEW
Max drawdown (400d)	-67.9%	-24.8%
Risk-adjusted return (90d)	-0.34	-0.09

Relative strength over 90 days: MEW outperformed AURA by 70.2% — measured on the AURA/MEW ratio, so it holds regardless of market direction.

aura →cat in a dogs world →