MarketCat vs Anonymous Cat

Anonymous Cat (ZCAT) is 8488.5× the size of MarketCat (MC) by market capitalisation. Over the past 30 days, ZCAT is ahead by 19.0 percentage points (MC -62.4% against ZCAT -43.4%). Their daily returns move barely together (correlation 0.18 across 33 shared trading days). MC has been the more volatile of the two, at 790% annualised against ZCAT's 290%.

Correlation: 0.18
Size ratio: 1 : 8488.5
Ahead over 30 days: ZCAT

MarketCatMC

$3.060e-6

24h: —
Market cap: $3,053
Volume 24h: —
Volatility (ann.): 790%

Anonymous CatZCAT

$0.026831

24h: +12.45%
Market cap: $25.92M
Volume 24h: $2.27M
Volatility (ann.): 290%

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

Performance

MCZCAT

7 days-55.43%-47.53%ZCAT
30 days-62.37%-43.37%ZCAT

Correlation

0.18over 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	MC	ZCAT
Max drawdown (400d)	-70.8%	-67.3%
Risk-adjusted return (90d)	-0.08	-0.20

Relative strength over 90 days: ZCAT outperformed MC by 41.3% — measured on the MC/ZCAT ratio, so it holds regardless of market direction.

MarketCat →Anonymous Cat →