Purr (PURR) is 257.0× the size of Kaspy (KASPY) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.07 across 35 shared trading days). PURR has been the more volatile of the two, at 222% annualised against KASPY's 137%.
KASPYPURR
-0.07over 35 shared trading days
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.
| Metric | KASPY | PURR |
|---|---|---|
| Max drawdown (400d) | -92.0% | -43.9% |
| Risk-adjusted return (90d) | -0.28 | 0.10 |
Relative strength over 90 days: PURR outperformed KASPY by 47.1% — measured on the KASPY/PURR ratio, so it holds regardless of market direction.