CATBAT vs Popcat

Popcat (POPCAT) is 859.2× the size of CATBAT (CATBAT) by market capitalisation. Over the past 30 days, POPCAT is ahead by 13.6 percentage points (CATBAT -29.3% against POPCAT -15.8%). Their daily returns move barely together (correlation 0.32 across 20 shared trading days). POPCAT has been the more volatile of the two, at 102% annualised against CATBAT's 80%.

Correlation: 0.32
Size ratio: 1 : 859.2
Ahead over 30 days: POPCAT

CATBATCATBAT

$4.614e-5

24h: +5.74%
Market cap: $42,146
Volume 24h: $131
Volatility (ann.): 80%

PopcatPOPCAT

$0.036951

24h: -8.15%
Market cap: $36.21M
Volume 24h: $4.20M
Volatility (ann.): 102%

CATBAT 0.1%Share of the two combined market caps99.9% POPCAT

Performance

CATBATPOPCAT

7 days-4.84%-8.15%CATBAT
30 days-29.34%-15.77%POPCAT

Correlation

0.32over 20 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	CATBAT	POPCAT
Max drawdown (400d)	-39.1%	-35.5%
Risk-adjusted return (90d)	-0.41	-0.13

Relative strength over 90 days: POPCAT outperformed CATBAT by 3.1% — measured on the CATBAT/POPCAT ratio, so it holds regardless of market direction.

CATBAT →Popcat →