Fonz on Pons vs Cash Cat

Cash Cat (CASHCAT) is 6047.2× the size of Fonz on Pons (FONZ) by market capitalisation. Over the past 30 days, FONZ is ahead by 5.7 percentage points (FONZ -30.9% against CASHCAT -36.7%). Their daily returns move barely together (correlation 0.17 across 23 shared trading days). CASHCAT has been the more volatile of the two, at 261% annualised against FONZ's 103%.

Correlation: 0.17
Size ratio: 1 : 6047.2
Ahead over 30 days: FONZ

Fonz on PonsFONZ

$1.861e-5

24h: +14.68%
Market cap: $14,629
Volume 24h: $297
Volatility (ann.): 103%

Cash CatCASHCAT

$0.089561

24h: -16.08%
Market cap: $88.46M
Volume 24h: $13.44M
Volatility (ann.): 261%

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

Performance

FONZCASHCAT

7 days-7.61%+3.53%CASHCAT
30 days-30.93%-36.68%FONZ

Correlation

0.17over 23 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	FONZ	CASHCAT
Max drawdown (400d)	-45.9%	-69.6%
Risk-adjusted return (90d)	-0.37	-0.03

Relative strength over 90 days: CASHCAT outperformed FONZ by 23.6% — measured on the FONZ/CASHCAT ratio, so it holds regardless of market direction.

Fonz on Pons →Cash Cat →