Mittens vs Cash Cat

Cash Cat (CASHCAT) is 651.6× the size of Mittens (MITTENS) by market capitalisation. Over the past 30 days, CASHCAT is ahead by 7.1 percentage points (MITTENS -43.8% against CASHCAT -36.7%). Their daily returns move barely together (correlation 0.23 across 20 shared trading days). CASHCAT has been the more volatile of the two, at 261% annualised against MITTENS's 110%.

Correlation: 0.23
Size ratio: 1 : 651.6
Ahead over 30 days: CASHCAT

MittensMITTENS

$0.000156

24h: +1.82%
Market cap: $155,808
Volume 24h: $1,782
Volatility (ann.): 110%

Cash CatCASHCAT

$0.102781

24h: -4.98%
Market cap: $101.53M
Volume 24h: $9.85M
Volatility (ann.): 261%

MITTENS 0.2%Share of the two combined market caps99.8% CASHCAT

Performance

MITTENSCASHCAT

7 days-11.54%+3.53%CASHCAT
30 days-43.78%-36.68%CASHCAT

Correlation

0.23over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	MITTENS	CASHCAT
Max drawdown (400d)	-51.8%	-69.6%
Risk-adjusted return (90d)	-0.47	-0.03

Relative strength over 90 days: CASHCAT outperformed MITTENS by 27.5% — measured on the MITTENS/CASHCAT ratio, so it holds regardless of market direction.

Mittens →Cash Cat →