Purr (PURR) is 1951.0× the size of Cute Cat Candle (CCC) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 30 shared trading days). PURR has been the more volatile of the two, at 222% annualised against CCC's 101%.
CCCPURR
0.18over 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 | PURR |
|---|---|---|
| Max drawdown (400d) | -65.2% | -43.9% |
| Risk-adjusted return (90d) | -0.35 | 0.10 |
Relative strength over 90 days: PURR outperformed CCC by 52.9% — measured on the CCC/PURR ratio, so it holds regardless of market direction.