Pankito vs Fren Pet

Fren Pet (FP) is 645.6× the size of Pankito (PAN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.12 across 38 shared trading days). FP has been the more volatile of the two, at 384% annualised against PAN's 16%.

Correlation: -0.12
Size ratio: 1 : 645.6

PankitoPAN

$0.000460

24h: +2.51%
Market cap: $27,614
Volume 24h: $336
Volatility (ann.): 16%

Fren PetFP

$2.5200

24h: -23.47%
Market cap: $17.83M
Volume 24h: $59,373
Volatility (ann.): 384%

PAN 0.2%Share of the two combined market caps99.8% FP

Performance

PANFP

7 days+3.06%-37.59%PAN
30 days+7.06%-10.75%PAN
90 days+17.41%——

Correlation

-0.12over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: 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	PAN	FP
Max drawdown (400d)	-2.4%	-71.0%
Risk-adjusted return (90d)	0.89	0.38

Relative strength over 90 days: FP outperformed PAN by 56.4% — measured on the PAN/FP ratio, so it holds regardless of market direction.

Pankito →Fren Pet →