Popcat (POPCAT) is 1158.1× the size of Cute Cat Candle (CCC) by market capitalisation. Their daily returns move loosely together (correlation 0.44 across 30 shared trading days). Both have run at a similar volatility, around 102% annualised.
CCCPOPCAT
0.44over 30 shared trading days
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.
| Metric | CCC | POPCAT |
|---|---|---|
| Max drawdown (400d) | -65.2% | -35.5% |
| Risk-adjusted return (90d) | -0.35 | -0.13 |
Relative strength over 90 days: POPCAT outperformed CCC by 38.1% — measured on the CCC/POPCAT ratio, so it holds regardless of market direction.