Notcoin (NOT) is 1.3× the size of Catizen (CATI) by market capitalisation. Over the past 1 year, CATI is ahead by 12.7 percentage points (NOT -46.8% against CATI -34.1%). Their daily returns move loosely together (correlation 0.45 across 399 shared trading days). NOT has been the more volatile of the two, at 104% annualised against CATI's 87%.
NOTCATI
0.45over 399 shared trading days
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.
| Metric | NOT | CATI |
|---|---|---|
| Max drawdown (400d) | -80.0% | -62.8% |
| Risk-adjusted return (90d) | 0.01 | -0.01 |
| Best 30 days (past year) | +93.4% | +62.9% |
| Worst 30 days (past year) | -46.3% | -44.4% |
Relative strength over 90 days: NOT outperformed CATI by 2.0% — measured on the NOT/CATI ratio, so it holds regardless of market direction.