Hemule vs Cash Cat

Cash Cat (CASHCAT) is 271.4× the size of Hemule (HEMULE) by market capitalisation. Over the past 30 days, HEMULE is ahead by 13.0 percentage points (HEMULE -22.2% against CASHCAT -35.3%). Their daily returns move barely in opposite directions (correlation -0.25 across 22 shared trading days). CASHCAT has been the more volatile of the two, at 264% annualised against HEMULE's 43%.

Correlation: -0.25
Size ratio: 1 : 271.4
Ahead over 30 days: HEMULE

HemuleHEMULE

$0.000404

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

Cash CatCASHCAT

$0.108796

24h: +0.73%
Market cap: $107.47M
Volume 24h: $16.54M
Volatility (ann.): 264%

HEMULE 0.4%Share of the two combined market caps99.6% CASHCAT

Performance

HEMULECASHCAT

7 days-3.19%+8.81%CASHCAT
30 days-22.22%-35.26%HEMULE

Correlation

-0.25over 22 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	HEMULE	CASHCAT
Max drawdown (400d)	-23.2%	-69.6%
Risk-adjusted return (90d)	-0.51	-0.02

Relative strength over 90 days: CASHCAT outperformed HEMULE by 11.3% — measured on the HEMULE/CASHCAT ratio, so it holds regardless of market direction.

Hemule →Cash Cat →