Hopium Machines vs Cash Cat

Cash Cat (CASHCAT) is 7939.2× the size of Hopium Machines (HOPIUM) by market capitalisation. Over the past 30 days, HOPIUM is ahead by 7.9 percentage points (HOPIUM -28.8% against CASHCAT -36.7%). Their daily returns move barely in opposite directions (correlation -0.15 across 20 shared trading days). CASHCAT has been the more volatile of the two, at 261% annualised against HOPIUM's 55%.

Correlation: -0.15
Size ratio: 1 : 7939.2
Ahead over 30 days: HOPIUM

Hopium MachinesHOPIUM

$1.116e-5

24h: —
Market cap: $11,142
Volume 24h: $15
Volatility (ann.): 55%

Cash CatCASHCAT

$0.089561

24h: -16.08%
Market cap: $88.46M
Volume 24h: $13.44M
Volatility (ann.): 261%

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

Performance

HOPIUMCASHCAT

7 days-10.93%+3.53%CASHCAT
30 days-28.78%-36.68%HOPIUM

Correlation

-0.15over 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	HOPIUM	CASHCAT
Max drawdown (400d)	-32.3%	-69.6%
Risk-adjusted return (90d)	-0.53	-0.03

Relative strength over 90 days: CASHCAT outperformed HOPIUM by 12.0% — measured on the HOPIUM/CASHCAT ratio, so it holds regardless of market direction.

Hopium Machines →Cash Cat →