Hood Morning vs Cash Cat

Cash Cat (CASHCAT) is 8863.4× the size of Hood Morning (HM) by market capitalisation. Over the past 30 days, HM is ahead by 15.4 percentage points (HM -21.3% against CASHCAT -36.7%). Their daily returns move barely together (correlation 0.19 across 23 shared trading days). CASHCAT has been the more volatile of the two, at 261% annualised against HM's 54%.

Correlation: 0.19
Size ratio: 1 : 8863.4
Ahead over 30 days: HM

Hood MorningHM

$1.030e-5

24h: +5.81%
Market cap: $10,297
Volume 24h: $47
Volatility (ann.): 54%

Cash CatCASHCAT

$0.092404

24h: -15.28%
Market cap: $91.27M
Volume 24h: $13.09M
Volatility (ann.): 261%

HM 0.0%Share of the two combined market caps100.0% CASHCAT

Performance

HMCASHCAT

7 days+3.70%+3.53%HM
30 days-21.30%-36.68%HM

Correlation

0.19over 23 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	HM	CASHCAT
Max drawdown (400d)	-30.9%	-69.6%
Risk-adjusted return (90d)	-0.45	-0.03

Relative strength over 90 days: CASHCAT outperformed HM by 10.4% — measured on the HM/CASHCAT ratio, so it holds regardless of market direction.

Hood Morning →Cash Cat →