Gasspas vs Purr

Purr (PURR) is 257.2× the size of Gasspas (GASS) by market capitalisation. Over the past 30 days, PURR is ahead by 21.0 percentage points (GASS -12.5% against PURR +8.4%). Their daily returns move loosely together (correlation 0.47 across 30 shared trading days). PURR has been the more volatile of the two, at 222% annualised against GASS's 76%.

Correlation: 0.47
Size ratio: 1 : 257.2
Ahead over 30 days: PURR

GasspasGASS

$6.401e-10

24h: +7.31%
Market cap: $269,434
Volume 24h: $25,509
Volatility (ann.): 76%

PurrPURR

$0.116521

24h: +4.68%
Market cap: $69.29M
Volume 24h: $1.62M
Volatility (ann.): 222%

GASS 0.4%Share of the two combined market caps99.6% PURR

Performance

GASSPURR

7 days-0.63%+16.19%PURR
30 days-12.53%+8.42%PURR

Correlation

0.47over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 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	GASS	PURR
Max drawdown (400d)	-34.7%	-43.9%
Risk-adjusted return (90d)	-0.39	0.10

Relative strength over 90 days: PURR outperformed GASS by 31.5% — measured on the GASS/PURR ratio, so it holds regardless of market direction.

Gasspas →Purr →