LC SHIB vs cat in a dogs world

cat in a dogs world (MEW) is 64.4× the size of LC SHIB (LC) by market capitalisation. Over the past 30 days, LC is ahead by 20.1 percentage points (LC +14.2% against MEW -5.9%). Their daily returns move barely together (correlation 0.23 across 33 shared trading days). LC has been the more volatile of the two, at 136% annualised against MEW's 98%.

Correlation: 0.23
Size ratio: 1 : 64.4
Ahead over 30 days: LC

LC SHIBLC

$0.000525

24h: +13.80%
Market cap: $523,541
Volume 24h: $19,914
Volatility (ann.): 136%

cat in a dogs worldMEW

$0.000380

24h: +0.12%
Market cap: $33.74M
Volume 24h: $3.33M
Volatility (ann.): 98%

LC 1.5%Share of the two combined market caps98.5% MEW

Performance

LCMEW

7 days-7.67%-12.91%LC
30 days+14.21%-5.88%LC

Correlation

0.23over 33 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	LC	MEW
Max drawdown (400d)	-28.3%	-24.8%
Risk-adjusted return (90d)	-0.03	-0.09

Relative strength over 90 days: LC outperformed MEW by 1.1% — measured on the LC/MEW ratio, so it holds regardless of market direction.

LC SHIB →cat in a dogs world →