Purr (PURR) is 100.1× the size of Ket (KET) by market capitalisation. Over the past 30 days, KET is ahead by 5.1 percentage points (KET +3.9% against PURR -1.3%). Their daily returns move loosely together (correlation 0.46 across 31 shared trading days). KET has been the more volatile of the two, at 716% annualised against PURR's 223%.
KETPURR
0.46over 31 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 | KET | PURR |
|---|---|---|
| Max drawdown (400d) | -72.6% | -43.9% |
| Risk-adjusted return (90d) | -0.01 | 0.07 |
Relative strength over 90 days: PURR outperformed KET by 2.5% — measured on the KET/PURR ratio, so it holds regardless of market direction.