Hover vs Cash Cat

Cash Cat (CASHCAT) is 1044.5× the size of Hover (HOVER) by market capitalisation. Over the past 30 days, CASHCAT is ahead by 4.9 percentage points (HOVER -41.5% against CASHCAT -36.7%). Their daily returns move barely in opposite directions (correlation -0.17 across 23 shared trading days). CASHCAT has been the more volatile of the two, at 261% annualised against HOVER's 150%.

Correlation: -0.17
Size ratio: 1 : 1044.5
Ahead over 30 days: CASHCAT

HoverHOVER

$8.523e-7

24h: +2.12%
Market cap: $85,270
Volume 24h: $1,359
Volatility (ann.): 150%

Cash CatCASHCAT

$0.090176

24h: -18.51%
Market cap: $89.07M
Volume 24h: $11.78M
Volatility (ann.): 261%

HOVER 0.1%Share of the two combined market caps99.9% CASHCAT

Performance

HOVERCASHCAT

7 days-4.14%+3.53%CASHCAT
30 days-41.54%-36.68%CASHCAT

Correlation

-0.17over 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	HOVER	CASHCAT
Max drawdown (400d)	-44.6%	-69.6%
Risk-adjusted return (90d)	-0.21	-0.03

Relative strength over 90 days: CASHCAT outperformed HOVER by 24.4% — measured on the HOVER/CASHCAT ratio, so it holds regardless of market direction.

Hover →Cash Cat →