Pleasing Gold vs Kinesis Silver

Kinesis Silver (KAG) is 2.4× the size of Pleasing Gold (PGOLD) by market capitalisation. Over the past 30 days, PGOLD is ahead by 11.1 percentage points (PGOLD -10.1% against KAG -21.3%). Their daily returns move barely in opposite directions (correlation -0.10 across 49 shared trading days). PGOLD has been the more volatile of the two, at 5421% annualised against KAG's 200%.

Correlation: -0.10
Size ratio: 1 : 2.4
Ahead over 30 days: PGOLD

Pleasing GoldPGOLD

$4,065.82

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

Kinesis SilverKAG

$52.4100

24h: +4.82%
Market cap: $192.60M
Volume 24h: $348,897
Volatility (ann.): 200%

PGOLD 29.2%Share of the two combined market caps70.8% KAG

Performance

PGOLDKAG

7 days-2.72%-8.47%PGOLD
30 days-10.14%-21.26%PGOLD

Correlation

-0.10over 49 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5590d: 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	KAG
Max drawdown (400d)	-59.0%	-36.6%
Risk-adjusted return (90d)	0.12	-0.12

Relative strength over 90 days: PGOLD outperformed KAG by 880.0% — measured on the PGOLD/KAG ratio, so it holds regardless of market direction.

Pleasing Gold →Kinesis Silver →