Diamond Pons vs Cash Cat

Cash Cat (CASHCAT) is 3921.6× the size of Diamond Pons (DPONS) by market capitalisation. Over the past 30 days, DPONS is ahead by 22.7 percentage points (DPONS -14.0% against CASHCAT -36.7%). Their daily returns move barely in opposite directions (correlation -0.15 across 20 shared trading days). CASHCAT has been the more volatile of the two, at 261% annualised against DPONS's 184%.

Correlation: -0.15
Size ratio: 1 : 3921.6
Ahead over 30 days: DPONS

Diamond PonsDPONS

$2.599e-5

24h: +7.20%
Market cap: $25,983
Volume 24h: $4
Volatility (ann.): 184%

Cash CatCASHCAT

$0.103161

24h: -3.20%
Market cap: $101.89M
Volume 24h: $10.08M
Volatility (ann.): 261%

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

Performance

DPONSCASHCAT

7 days+3.29%+3.53%CASHCAT
30 days-13.99%-36.68%DPONS

Correlation

-0.15over 20 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	DPONS	CASHCAT
Max drawdown (400d)	-36.3%	-69.6%
Risk-adjusted return (90d)	-0.07	-0.03

Relative strength over 90 days: DPONS outperformed CASHCAT by 32.7% — measured on the DPONS/CASHCAT ratio, so it holds regardless of market direction.

Diamond Pons →Cash Cat →