Just can't prove it vs Moo Deng

Moo Deng (MOODENG) is 2403.9× the size of Just can't prove it (DETECTIVE) by market capitalisation. Over the past 30 days, MOODENG is ahead by 13.6 percentage points (DETECTIVE -33.2% against MOODENG -19.5%). Their daily returns move closely together (correlation 0.67 across 20 shared trading days). MOODENG has been the more volatile of the two, at 100% annualised against DETECTIVE's 50%.

Correlation: 0.67
Size ratio: 1 : 2403.9
Ahead over 30 days: MOODENG

Just can't prove itDETECTIVE

$1.354e-5

24h: -4.85%
Market cap: $13,540
Volume 24h: $124
Volatility (ann.): 50%

Moo DengMOODENG

$0.032875

24h: -6.88%
Market cap: $32.55M
Volume 24h: $7.01M
Volatility (ann.): 100%

DETECTIVE 0.0%Share of the two combined market caps100.0% MOODENG

Performance

DETECTIVEMOODENG

7 days-11.74%-7.63%MOODENG
30 days-33.15%-19.52%MOODENG

Correlation

0.67over 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	DETECTIVE	MOODENG
Max drawdown (400d)	-34.9%	-35.4%
Risk-adjusted return (90d)	-0.70	-0.31

Relative strength over 90 days: MOODENG outperformed DETECTIVE by 9.2% — measured on the DETECTIVE/MOODENG ratio, so it holds regardless of market direction.

Just can't prove it →Moo Deng →