Anonymous Cat (ZCAT) is 1571.1× the size of Pump Cat Coin (PUMPCAT) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.20 across 24 shared trading days). ZCAT has been the more volatile of the two, at 294% annualised against PUMPCAT's 92%.
PUMPCATZCAT
-0.20over 24 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 | PUMPCAT | ZCAT |
|---|---|---|
| Max drawdown (400d) | -55.5% | -66.4% |
| Risk-adjusted return (90d) | -0.60 | -0.19 |
Relative strength over 90 days: ZCAT outperformed PUMPCAT by 20.8% — measured on the PUMPCAT/ZCAT ratio, so it holds regardless of market direction.