Catizen (CATI) is 3481.9× the size of Orbitt Token (ORBT) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 31 shared trading days). ORBT has been the more volatile of the two, at 151% annualised against CATI's 87%.
ORBTCATI
0.38over 31 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 | ORBT | CATI |
|---|---|---|
| Max drawdown (400d) | -53.9% | -62.8% |
| Risk-adjusted return (90d) | -0.32 | -0.01 |
| Best 30 days (past year) | — | +62.9% |
| Worst 30 days (past year) | — | -44.4% |
Relative strength over 90 days: CATI outperformed ORBT by 21.4% — measured on the ORBT/CATI ratio, so it holds regardless of market direction.