Barking Puppy vs cat in a dogs world

cat in a dogs world (MEW) is 17.2× the size of Barking Puppy (BP) by market capitalisation. Over the past 30 days, BP is ahead by 7.4 percentage points (BP +2.4% against MEW -4.9%). Their daily returns move loosely together (correlation 0.46 across 36 shared trading days). BP has been the more volatile of the two, at 229% annualised against MEW's 99%.

Correlation: 0.46
Size ratio: 1 : 17.2
Ahead over 30 days: BP

Barking PuppyBP

$0.001980

24h: +3.95%
Market cap: $1.93M
Volume 24h: $63,307
Volatility (ann.): 229%

cat in a dogs worldMEW

$0.000374

24h: -2.55%
Market cap: $33.26M
Volume 24h: $3.39M
Volatility (ann.): 99%

BP 5.5%Share of the two combined market caps94.5% MEW

Performance

BPMEW

7 days+0.35%-11.24%BP
30 days+2.44%-4.93%BP

Correlation

0.46over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 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	BP	MEW
Max drawdown (400d)	-34.0%	-24.8%
Risk-adjusted return (90d)	-0.07	-0.09

Relative strength over 90 days: MEW outperformed BP by 5.8% — measured on the BP/MEW ratio, so it holds regardless of market direction.

Barking Puppy →cat in a dogs world →