Purr (PURR) is 3573.6× the size of Kittehcoin (MEOW) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 41 shared trading days). MEOW has been the more volatile of the two, at 3643% annualised against PURR's 223%.
MEOWPURR
0.05over 41 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 | MEOW | PURR |
|---|---|---|
| Max drawdown (400d) | -98.3% | -43.9% |
| Risk-adjusted return (90d) | 0.08 | 0.01 |
Relative strength over 90 days: PURR outperformed MEOW by 85.2% — measured on the MEOW/PURR ratio, so it holds regardless of market direction.