CatSlap vs Popcat

Popcat (POPCAT) is 43.3× the size of CatSlap (SLAP) by market capitalisation. Over the past 30 days, SLAP is ahead by 7.7 percentage points (SLAP -9.1% against POPCAT -16.8%). Their daily returns move closely together (correlation 0.65 across 32 shared trading days). POPCAT has been the more volatile of the two, at 103% annualised against SLAP's 59%.

Correlation: 0.65
Size ratio: 1 : 43.3
Ahead over 30 days: SLAP

CatSlapSLAP

$0.000235

24h: —
Market cap: $927,701
Volume 24h: $7
Volatility (ann.): 59%

PopcatPOPCAT

$0.040995

24h: +2.70%
Market cap: $40.20M
Volume 24h: $3.90M
Volatility (ann.): 103%

SLAP 2.3%Share of the two combined market caps97.7% POPCAT

Performance

SLAPPOPCAT

7 days-2.64%-8.88%SLAP
30 days-9.07%-16.79%SLAP

Correlation

0.65over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6590d: 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	SLAP	POPCAT
Max drawdown (400d)	-20.2%	-35.5%
Risk-adjusted return (90d)	-0.16	-0.13

Relative strength over 90 days: SLAP outperformed POPCAT by 19.0% — measured on the SLAP/POPCAT ratio, so it holds regardless of market direction.

CatSlap →Popcat →