michi vs Popcat

Popcat (POPCAT) is 19.0× the size of michi (MICHI) by market capitalisation. Over the past 30 days, MICHI is ahead by 3.1 percentage points (MICHI -13.7% against POPCAT -16.8%). Their daily returns move barely in opposite directions (correlation -0.04 across 25 shared trading days). MICHI has been the more volatile of the two, at 150% annualised against POPCAT's 103%.

Correlation: -0.04
Size ratio: 1 : 19.0
Ahead over 30 days: MICHI

michiMICHI

$0.002042

24h: -1.10%
Market cap: $2.04M
Volume 24h: $28,931
Volatility (ann.): 150%

PopcatPOPCAT

$0.039629

24h: -0.04%
Market cap: $38.84M
Volume 24h: $3.50M
Volatility (ann.): 103%

MICHI 5.0%Share of the two combined market caps95.0% POPCAT

Performance

MICHIPOPCAT

7 days-12.53%-8.88%POPCAT
30 days-13.68%-16.79%MICHI

Correlation

-0.04over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	MICHI	POPCAT
Max drawdown (400d)	-28.1%	-35.5%
Risk-adjusted return (90d)	-0.09	-0.13

Relative strength over 90 days: POPCAT outperformed MICHI by 9.7% — measured on the MICHI/POPCAT ratio, so it holds regardless of market direction.

michi →Popcat →