Pineapple Cat vs Toshi

Toshi (TOSHI) is 2325.7× the size of Pineapple Cat (PICA) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 24 shared trading days). PICA has been the more volatile of the two, at 196% annualised against TOSHI's 83%.

Correlation: 0.38
Size ratio: 1 : 2325.7

Pineapple CatPICA

$1.780e-6

24h: —
Market cap: $17,804
Volume 24h: $25
Volatility (ann.): 196%

ToshiTOSHI

$9.842e-5

24h: -5.71%
Market cap: $41.41M
Volume 24h: $2.82M
Volatility (ann.): 83%

PICA 0.0%Share of the two combined market caps100.0% TOSHI

Performance

PICATOSHI

7 days+4.61%-5.20%PICA
30 days+80.47%-13.09%PICA
90 days-18.88%——

Correlation

0.38over 24 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	PICA	TOSHI
Max drawdown (400d)	-87.5%	-25.5%
Risk-adjusted return (90d)	-0.10	-0.16

Relative strength over 90 days: PICA outperformed TOSHI by 42.7% — measured on the PICA/TOSHI ratio, so it holds regardless of market direction.

Pineapple Cat →Toshi →