Paygram (PAYGRAM) and Cartoon Money (CBUCKS) compared side by side. Over the past 30 days, CBUCKS is ahead by 7355.1 percentage points (PAYGRAM -20.7% against CBUCKS +7334.3%). Their daily returns move barely in opposite directions (correlation -0.08 across 20 shared trading days). PAYGRAM has been the more volatile of the two, at 4638% annualised against CBUCKS's 1185%.
PAYGRAMCBUCKS
-0.08over 20 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 | PAYGRAM | CBUCKS |
|---|---|---|
| Max drawdown (400d) | -83.2% | -36.0% |
| Risk-adjusted return (90d) | 0.00 | 6.41 |
Relative strength over 90 days: CBUCKS outperformed PAYGRAM by 99.6% — measured on the PAYGRAM/CBUCKS ratio, so it holds regardless of market direction.