Choctopus vs Dog (Bitcoin)

Dog (Bitcoin) (DOG) is 694.1× the size of Choctopus (CHOCTOPUS) by market capitalisation. Over the past 30 days, DOG is ahead by 10.3 percentage points (CHOCTOPUS -25.2% against DOG -14.9%). Their daily returns move closely together (correlation 0.64 across 22 shared trading days). DOG has been the more volatile of the two, at 148% annualised against CHOCTOPUS's 42%.

Correlation: 0.64
Size ratio: 1 : 694.1
Ahead over 30 days: DOG

ChoctopusCHOCTOPUS

$0.000128

24h: +3.77%
Market cap: $123,953
Volume 24h: $178
Volatility (ann.): 42%

Dog (Bitcoin)DOG

$0.000860

24h: +3.01%
Market cap: $86.04M
Volume 24h: $777,646
Volatility (ann.): 148%

CHOCTOPUS 0.1%Share of the two combined market caps99.9% DOG

Performance

CHOCTOPUSDOG

7 days-8.85%-2.04%DOG
30 days-25.18%-14.89%DOG

Correlation

0.64over 22 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	CHOCTOPUS	DOG
Max drawdown (400d)	-28.4%	-45.1%
Risk-adjusted return (90d)	-0.59	0.32

Relative strength over 90 days: DOG outperformed CHOCTOPUS by 5.7% — measured on the CHOCTOPUS/DOG ratio, so it holds regardless of market direction.

Choctopus →Dog (Bitcoin) →