FLOKI (FLOKI) is 267.6× the size of PlayZap (PZP) by market capitalisation. Over the past 1 year, PZP is ahead by 51.2 percentage points (PZP -8.9% against FLOKI -60.1%). Their daily returns move barely in opposite directions (correlation -0.09 across 373 shared trading days). PZP has been the more volatile of the two, at 320% annualised against FLOKI's 89%.
PZPFLOKI
-0.09over 373 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 | PZP | FLOKI |
|---|---|---|
| Max drawdown (400d) | -90.4% | -80.7% |
| Risk-adjusted return (90d) | 0.72 | 0.09 |
| Best 30 days (past year) | +492.7% | +35.0% |
| Worst 30 days (past year) | -52.9% | -50.0% |
Relative strength over 90 days: PZP outperformed FLOKI by 420.8% — measured on the PZP/FLOKI ratio, so it holds regardless of market direction.