Remember KitKat vs Anonymous Cat

Anonymous Cat (ZCAT) is 1054.2× the size of Remember KitKat (KITKAT) by market capitalisation. Over the past 30 days, KITKAT is ahead by 10.6 percentage points (KITKAT -32.7% against ZCAT -43.4%). Their daily returns move barely together (correlation 0.13 across 35 shared trading days). ZCAT has been the more volatile of the two, at 290% annualised against KITKAT's 70%.

Correlation: 0.13
Size ratio: 1 : 1054.2
Ahead over 30 days: KITKAT

Remember KitKatKITKAT

$2.288e-5

24h: +4.09%
Market cap: $22,873
Volume 24h: $6
Volatility (ann.): 70%

Anonymous CatZCAT

$0.024963

24h: -3.73%
Market cap: $24.11M
Volume 24h: $1.64M
Volatility (ann.): 290%

KITKAT 0.1%Share of the two combined market caps99.9% ZCAT

Performance

KITKATZCAT

7 days-6.93%-47.53%KITKAT
30 days-32.73%-43.37%KITKAT

Correlation

0.13over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	KITKAT	ZCAT
Max drawdown (400d)	-38.3%	-67.3%
Risk-adjusted return (90d)	-0.44	-0.20

Relative strength over 90 days: KITKAT outperformed ZCAT by 25.8% — measured on the KITKAT/ZCAT ratio, so it holds regardless of market direction.

Remember KitKat →Anonymous Cat →