PURPLE PEPE vs Ape and Pepe

Ape and Pepe (APEPE) is 64.6× the size of PURPLE PEPE (PURPE) by market capitalisation. Over the past 30 days, APEPE is ahead by 30.4 percentage points (PURPE -39.5% against APEPE -9.1%). Their daily returns move barely together (correlation 0.28 across 30 shared trading days). PURPE has been the more volatile of the two, at 172% annualised against APEPE's 92%.

Correlation: 0.28
Size ratio: 1 : 64.6
Ahead over 30 days: APEPE

PURPLE PEPEPURPE

$9.300e-6

24h: -3.39%
Market cap: $3.91M
Volume 24h: $30,236
Volatility (ann.): 172%

Ape and PepeAPEPE

$1.200e-6

24h: -0.43%
Market cap: $252.77M
Volume 24h: $11.85M
Volatility (ann.): 92%

PURPE 1.5%Share of the two combined market caps98.5% APEPE

Performance

PURPEAPEPE

7 days-1.40%-0.83%APEPE
30 days-39.54%-9.09%APEPE

Correlation

0.28over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	PURPE	APEPE
Max drawdown (400d)	-54.0%	-24.0%
Risk-adjusted return (90d)	-0.30	0.33

Relative strength over 90 days: APEPE outperformed PURPE by 55.8% — measured on the PURPE/APEPE ratio, so it holds regardless of market direction.

PURPLE PEPE →Ape and Pepe →