Cash Cat (CASHCAT) is 560.8× the size of Grrr (GRRR) by market capitalisation. Over the past 30 days, GRRR is ahead by 21.3 percentage points (GRRR -15.4% against CASHCAT -36.7%). Their daily returns move barely together (correlation 0.12 across 23 shared trading days). Both have run at a similar volatility, around 269% annualised.
GRRRCASHCAT
0.12over 23 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 | GRRR | CASHCAT |
|---|---|---|
| Max drawdown (400d) | -42.5% | -69.6% |
| Risk-adjusted return (90d) | -0.06 | -0.03 |
Relative strength over 90 days: GRRR outperformed CASHCAT by 25.7% — measured on the GRRR/CASHCAT ratio, so it holds regardless of market direction.