NinjaCat vs SPX6900

SPX6900 (SPX) is 425.7× the size of NinjaCat (NINJACAT) by market capitalisation. Over the past 30 days, NINJACAT is ahead by 271.4 percentage points (NINJACAT +247.1% against SPX -24.3%). Their daily returns move barely together (correlation 0.35 across 23 shared trading days). NINJACAT has been the more volatile of the two, at 956% annualised against SPX's 113%.

Correlation: 0.35
Size ratio: 1 : 425.7
Ahead over 30 days: NINJACAT

NinjaCatNINJACAT

$0.000819

24h: -0.12%
Market cap: $819,207
Volume 24h: $13,051
Volatility (ann.): 956%

SPX6900SPX

$0.374554

24h: +5.93%
Market cap: $348.70M
Volume 24h: $8.92M
Volatility (ann.): 113%

NINJACAT 0.2%Share of the two combined market caps99.8% SPX

Performance

NINJACATSPX

7 days-57.56%-3.77%SPX
30 days+247.13%-24.31%NINJACAT

Correlation

0.35over 23 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	NINJACAT	SPX
Max drawdown (400d)	-60.0%	-42.9%
Risk-adjusted return (90d)	0.99	0.14

Relative strength over 90 days: SPX outperformed NINJACAT by 51.4% — measured on the NINJACAT/SPX ratio, so it holds regardless of market direction.

NinjaCat →SPX6900 →