Hemule vs Anonymous Cat

Anonymous Cat (ZCAT) is 65.0× the size of Hemule (HEMULE) by market capitalisation. Over the past 30 days, HEMULE is ahead by 22.0 percentage points (HEMULE -22.2% against ZCAT -44.2%). Their daily returns move barely in opposite directions (correlation -0.13 across 34 shared trading days). ZCAT has been the more volatile of the two, at 294% annualised against HEMULE's 43%.

Correlation: -0.13
Size ratio: 1 : 65.0
Ahead over 30 days: HEMULE

HemuleHEMULE

$0.000404

24h: +0.36%
Market cap: $396,044
Volume 24h: $88
Volatility (ann.): 43%

Anonymous CatZCAT

$0.026660

24h: -0.28%
Market cap: $25.75M
Volume 24h: $2.46M
Volatility (ann.): 294%

HEMULE 1.5%Share of the two combined market caps98.5% ZCAT

Performance

HEMULEZCAT

7 days-3.19%-47.18%HEMULE
30 days-22.22%-44.24%HEMULE

Correlation

-0.13over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	HEMULE	ZCAT
Max drawdown (400d)	-23.2%	-66.4%
Risk-adjusted return (90d)	-0.51	-0.19

Relative strength over 90 days: HEMULE outperformed ZCAT by 38.1% — measured on the HEMULE/ZCAT ratio, so it holds regardless of market direction.

Hemule →Anonymous Cat →