Hemule vs Purr

Purr (PURR) is 177.0× the size of Hemule (HEMULE) by market capitalisation. Over the past 30 days, PURR is ahead by 21.0 percentage points (HEMULE -22.2% against PURR -1.3%). Their daily returns move barely in opposite directions (correlation -0.08 across 20 shared trading days). PURR has been the more volatile of the two, at 223% annualised against HEMULE's 43%.

Correlation: -0.08
Size ratio: 1 : 177.0
Ahead over 30 days: PURR

HemuleHEMULE

$0.000404

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

PurrPURR

$0.117863

24h: +4.20%
Market cap: $70.09M
Volume 24h: $2.45M
Volatility (ann.): 223%

HEMULE 0.6%Share of the two combined market caps99.4% PURR

Performance

HEMULEPURR

7 days-3.19%+4.50%PURR
30 days-22.22%-1.26%PURR

Correlation

-0.08over 20 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	PURR
Max drawdown (400d)	-23.2%	-43.9%
Risk-adjusted return (90d)	-0.51	0.07

Relative strength over 90 days: PURR outperformed HEMULE by 14.6% — measured on the HEMULE/PURR ratio, so it holds regardless of market direction.

Hemule →Purr →