Purr (PURR) is 1.8× the size of Mog Coin (MOG) by market capitalisation. Over the past 30 days, PURR is ahead by 9.1 percentage points (PURR +8.4% against MOG -0.7%). Their daily returns move barely together (correlation 0.28 across 52 shared trading days). PURR has been the more volatile of the two, at 222% annualised against MOG's 105%.
PURRMOG
0.28over 52 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 | PURR | MOG |
|---|---|---|
| Max drawdown (400d) | -43.9% | -28.9% |
| Risk-adjusted return (90d) | 0.10 | -0.16 |
Relative strength over 90 days: PURR outperformed MOG by 49.0% — measured on the PURR/MOG ratio, so it holds regardless of market direction.