Copper pot of wealth vs Cash Cat

Cash Cat (CASHCAT) is 3733.9× the size of Copper pot of wealth (COOKWARE) by market capitalisation. Over the past 30 days, COOKWARE is ahead by 27.8 percentage points (COOKWARE -17.1% against CASHCAT -44.9%). Their daily returns move barely together (correlation 0.29 across 24 shared trading days). CASHCAT has been the more volatile of the two, at 263% annualised against COOKWARE's 125%.

Correlation: 0.29
Size ratio: 1 : 3733.9
Ahead over 30 days: COOKWARE

Copper pot of wealthCOOKWARE

$2.805e-5

24h: -17.17%
Market cap: $24,564
Volume 24h: $773
Volatility (ann.): 125%

Cash CatCASHCAT

$0.092853

24h: -15.33%
Market cap: $91.72M
Volume 24h: $14.27M
Volatility (ann.): 263%

COOKWARE 0.0%Share of the two combined market caps100.0% CASHCAT

Performance

COOKWARECASHCAT

7 days-10.27%-1.53%CASHCAT
30 days-17.08%-44.92%COOKWARE

Correlation

0.29over 24 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	COOKWARE	CASHCAT
Max drawdown (400d)	-28.1%	-70.0%
Risk-adjusted return (90d)	-0.21	-0.09

Relative strength over 90 days: COOKWARE outperformed CASHCAT by 4.0% — measured on the COOKWARE/CASHCAT ratio, so it holds regardless of market direction.

Copper pot of wealth →Cash Cat →