Laughing Meow vs Anonymous Cat

Anonymous Cat (ZCAT) is 2570.6× the size of Laughing Meow (LMEOW) by market capitalisation. Over the past 30 days, LMEOW is ahead by 19.4 percentage points (LMEOW -24.0% against ZCAT -43.4%). Their daily returns move barely in opposite directions (correlation -0.11 across 35 shared trading days). ZCAT has been the more volatile of the two, at 290% annualised against LMEOW's 137%.

Correlation: -0.11
Size ratio: 1 : 2570.6
Ahead over 30 days: LMEOW

Laughing MeowLMEOW

$9.390e-6

24h: -1.07%
Market cap: $9,380
Volume 24h: $19
Volatility (ann.): 137%

Anonymous CatZCAT

$0.024963

24h: -3.73%
Market cap: $24.11M
Volume 24h: $1.64M
Volatility (ann.): 290%

LMEOW 0.0%Share of the two combined market caps100.0% ZCAT

Performance

LMEOWZCAT

7 days+7.56%-47.53%LMEOW
30 days-23.96%-43.37%LMEOW

Correlation

-0.11over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2090d: 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	LMEOW	ZCAT
Max drawdown (400d)	-46.6%	-67.3%
Risk-adjusted return (90d)	-0.27	-0.20

Relative strength over 90 days: LMEOW outperformed ZCAT by 15.5% — measured on the LMEOW/ZCAT ratio, so it holds regardless of market direction.

Laughing Meow →Anonymous Cat →