momo the cat vs Purr

Purr (PURR) is 765.6× the size of momo the cat (MOMO) by market capitalisation. Over the past 30 days, PURR is ahead by 41.4 percentage points (MOMO -33.0% against PURR +8.4%). Their daily returns move barely together (correlation 0.02 across 21 shared trading days). PURR has been the more volatile of the two, at 222% annualised against MOMO's 73%.

Correlation: 0.02
Size ratio: 1 : 765.6
Ahead over 30 days: PURR

momo the catMOMO

$9.280e-5

24h: +3.30%
Market cap: $89,941
Volume 24h: $275
Volatility (ann.): 73%

PurrPURR

$0.115790

24h: -0.29%
Market cap: $68.86M
Volume 24h: $1.53M
Volatility (ann.): 222%

MOMO 0.1%Share of the two combined market caps99.9% PURR

Performance

MOMOPURR

7 days-12.00%+16.19%PURR
30 days-33.01%+8.42%PURR

Correlation

0.02over 21 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	MOMO	PURR
Max drawdown (400d)	-36.8%	-43.9%
Risk-adjusted return (90d)	-0.43	0.10

Relative strength over 90 days: PURR outperformed MOMO by 24.3% — measured on the MOMO/PURR ratio, so it holds regardless of market direction.

momo the cat →Purr →