Pleasing Gold vs Goldfish Gold

Goldfish Gold (GGBR) is 1.0× the size of Pleasing Gold (PGOLD) by market capitalisation. Over the past 30 days, GGBR is ahead by 8.4 percentage points (PGOLD -10.1% against GGBR -1.7%). Their daily returns move barely together (correlation 0.20 across 50 shared trading days). PGOLD has been the more volatile of the two, at 5421% annualised against GGBR's 41%.

Correlation: 0.20
Size ratio: 1 : 1.0
Ahead over 30 days: GGBR

Pleasing GoldPGOLD

$4,065.82

24h: +3.74%
Market cap: $79.30M
Volume 24h: $574
Volatility (ann.): 5421%

Goldfish GoldGGBR

$4.0500

24h: +3.32%
Market cap: $82.57M
Volume 24h: $93,872
Volatility (ann.): 41%

PGOLD 49.0%Share of the two combined market caps51.0% GGBR

Performance

PGOLDGGBR

7 days-2.72%-2.96%PGOLD
30 days-10.14%-1.75%GGBR

Correlation

0.20over 50 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	PGOLD	GGBR
Max drawdown (400d)	-59.0%	-16.6%
Risk-adjusted return (90d)	0.12	-0.23

Relative strength over 90 days: PGOLD outperformed GGBR by 749.0% — measured on the PGOLD/GGBR ratio, so it holds regardless of market direction.

Pleasing Gold →Goldfish Gold →