Candle Cat vs Anonymous Cat

Anonymous Cat (ZCAT) is 323.6× the size of Candle Cat (CANDLE) by market capitalisation. Over the past 30 days, CANDLE is ahead by 22.1 percentage points (CANDLE -21.3% against ZCAT -43.4%). Their daily returns move barely in opposite directions (correlation -0.14 across 28 shared trading days). ZCAT has been the more volatile of the two, at 290% annualised against CANDLE's 50%.

Correlation: -0.14
Size ratio: 1 : 323.6
Ahead over 30 days: CANDLE

Candle CatCANDLE

$0.000385

24h: —
Market cap: $74,516
Volume 24h: —
Volatility (ann.): 50%

Anonymous CatZCAT

$0.024963

24h: -3.73%
Market cap: $24.11M
Volume 24h: $1.64M
Volatility (ann.): 290%

CANDLE 0.3%Share of the two combined market caps99.7% ZCAT

Performance

CANDLEZCAT

7 days-7.88%-47.53%CANDLE
30 days-21.27%-43.37%CANDLE

Correlation

-0.14over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	CANDLE	ZCAT
Max drawdown (400d)	-23.9%	-67.3%
Risk-adjusted return (90d)	-0.42	-0.20

Relative strength over 90 days: CANDLE outperformed ZCAT by 43.2% — measured on the CANDLE/ZCAT ratio, so it holds regardless of market direction.

Candle Cat →Anonymous Cat →