Mr. Miggles vs Purr

Purr (PURR) is 58.2× the size of Mr. Miggles (MIGGLES) by market capitalisation. Over the past 30 days, PURR is ahead by 43.5 percentage points (MIGGLES -44.7% against PURR -1.3%). Their daily returns move barely together (correlation 0.30 across 33 shared trading days). PURR has been the more volatile of the two, at 223% annualised against MIGGLES's 189%.

Correlation: 0.30
Size ratio: 1 : 58.2
Ahead over 30 days: PURR

Mr. MigglesMIGGLES

$0.001219

24h: -0.96%
Market cap: $1.17M
Volume 24h: $2,987
Volatility (ann.): 189%

PurrPURR

$0.114291

24h: -0.33%
Market cap: $67.96M
Volume 24h: $2.09M
Volatility (ann.): 223%

MIGGLES 1.7%Share of the two combined market caps98.3% PURR

Performance

MIGGLESPURR

7 days-2.70%+4.50%PURR
30 days-44.71%-1.26%PURR

Correlation

0.30over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	MIGGLES	PURR
Max drawdown (400d)	-60.9%	-43.9%
Risk-adjusted return (90d)	-0.32	0.07

Relative strength over 90 days: PURR outperformed MIGGLES by 57.3% — measured on the MIGGLES/PURR ratio, so it holds regardless of market direction.

Mr. Miggles →Purr →