Panana vs Degen

Degen (DEGEN) is 43.8× the size of Panana ($PANANA) by market capitalisation. Over the past 30 days, $PANANA is ahead by 25.4 percentage points ($PANANA +7.7% against DEGEN -17.8%). Their daily returns move closely together (correlation 0.62 across 21 shared trading days). DEGEN has been the more volatile of the two, at 78% annualised against $PANANA's 46%.

Correlation: 0.62
Size ratio: 1 : 43.8
Ahead over 30 days: $PANANA

Panana$PANANA

$1.760e-6

24h: —
Market cap: $726,506
Volume 24h: —
Volatility (ann.): 46%

DegenDEGEN

$0.000887

24h: +3.10%
Market cap: $31.83M
Volume 24h: $3.35M
Volatility (ann.): 78%

$PANANA 2.2%Share of the two combined market caps97.8% DEGEN

Performance

$PANANADEGEN

7 days-2.31%-7.09%$PANANA
30 days+7.65%-17.76%$PANANA

Correlation

0.62over 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	$PANANA	DEGEN
Max drawdown (400d)	-5.4%	-26.2%
Risk-adjusted return (90d)	0.17	-0.22

Relative strength over 90 days: DEGEN outperformed $PANANA by 3.9% — measured on the $PANANA/DEGEN ratio, so it holds regardless of market direction.

Panana →Degen →