Ink Cat vs Cash Cat

Cash Cat (CASHCAT) is 1898.2× the size of Ink Cat (ICAT) by market capitalisation. Over the past 30 days, ICAT is ahead by 9.0 percentage points (ICAT -27.7% against CASHCAT -36.7%). Their daily returns move barely together (correlation 0.21 across 23 shared trading days). CASHCAT has been the more volatile of the two, at 261% annualised against ICAT's 194%.

Correlation: 0.21
Size ratio: 1 : 1898.2
Ahead over 30 days: ICAT

Ink CatICAT

$5.501e-5

24h: -4.54%
Market cap: $55,006
Volume 24h: $716
Volatility (ann.): 194%

Cash CatCASHCAT

$0.105709

24h: -3.29%
Market cap: $104.41M
Volume 24h: $11.06M
Volatility (ann.): 261%

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

Performance

ICATCASHCAT

7 days-2.92%+3.53%CASHCAT
30 days-27.70%-36.68%ICAT

Correlation

0.21over 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	ICAT	CASHCAT
Max drawdown (400d)	-56.3%	-69.6%
Risk-adjusted return (90d)	-0.23	-0.03

Relative strength over 90 days: CASHCAT outperformed ICAT by 16.0% — measured on the ICAT/CASHCAT ratio, so it holds regardless of market direction.

Ink Cat →Cash Cat →