Hachiko vs cat in a dogs world

cat in a dogs world (MEW) is 47.5× the size of Hachiko (HACHI) by market capitalisation. Over the past 30 days, MEW is ahead by 51.7 percentage points (HACHI -56.6% against MEW -4.9%). Their daily returns move loosely together (correlation 0.43 across 32 shared trading days). HACHI has been the more volatile of the two, at 217% annualised against MEW's 99%.

Correlation: 0.43
Size ratio: 1 : 47.5
Ahead over 30 days: MEW

HachikoHACHI

$7.280e-10

24h: +3.29%
Market cap: $701,390
Volume 24h: $13,877
Volatility (ann.): 217%

cat in a dogs worldMEW

$0.000375

24h: -3.15%
Market cap: $33.32M
Volume 24h: $3.61M
Volatility (ann.): 99%

HACHI 2.1%Share of the two combined market caps97.9% MEW

Performance

HACHIMEW

7 days-23.64%-11.24%MEW
30 days-56.62%-4.93%MEW

Correlation

0.43over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: 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	HACHI	MEW
Max drawdown (400d)	-69.7%	-24.8%
Risk-adjusted return (90d)	-0.31	-0.09

Relative strength over 90 days: MEW outperformed HACHI by 66.2% — measured on the HACHI/MEW ratio, so it holds regardless of market direction.

Hachiko →cat in a dogs world →