first reply vs Popcat

Popcat (POPCAT) is 784.5× the size of first reply (SIRIUS) by market capitalisation. Over the past 30 days, POPCAT is ahead by 6.8 percentage points (SIRIUS -22.6% against POPCAT -15.8%). Their daily returns move barely together (correlation 0.26 across 20 shared trading days). POPCAT has been the more volatile of the two, at 102% annualised against SIRIUS's 50%.

Correlation: 0.26
Size ratio: 1 : 784.5
Ahead over 30 days: POPCAT

first replySIRIUS

$4.782e-5

24h: —
Market cap: $46,159
Volume 24h: $6
Volatility (ann.): 50%

PopcatPOPCAT

$0.036951

24h: -8.15%
Market cap: $36.21M
Volume 24h: $4.20M
Volatility (ann.): 102%

SIRIUS 0.1%Share of the two combined market caps99.9% POPCAT

Performance

SIRIUSPOPCAT

7 days-6.80%-8.15%SIRIUS
30 days-22.60%-15.77%POPCAT

Correlation

0.26over 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	SIRIUS	POPCAT
Max drawdown (400d)	-28.7%	-35.5%
Risk-adjusted return (90d)	-0.46	-0.13

Relative strength over 90 days: POPCAT outperformed SIRIUS by 0.2% — measured on the SIRIUS/POPCAT ratio, so it holds regardless of market direction.

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