Remember KitKat vs Popcat

Popcat (POPCAT) is 1590.4× the size of Remember KitKat (KITKAT) by market capitalisation. Over the past 30 days, POPCAT is ahead by 17.0 percentage points (KITKAT -32.7% against POPCAT -15.8%). Their daily returns move barely together (correlation 0.12 across 20 shared trading days). POPCAT has been the more volatile of the two, at 102% annualised against KITKAT's 70%.

Correlation: 0.12
Size ratio: 1 : 1590.4
Ahead over 30 days: POPCAT

Remember KitKatKITKAT

$2.288e-5

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

PopcatPOPCAT

$0.037192

24h: -7.05%
Market cap: $36.38M
Volume 24h: $4.49M
Volatility (ann.): 102%

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

Performance

KITKATPOPCAT

7 days-6.93%-8.15%KITKAT
30 days-32.73%-15.77%POPCAT

Correlation

0.12over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	POPCAT
Max drawdown (400d)	-38.3%	-35.5%
Risk-adjusted return (90d)	-0.44	-0.13

Relative strength over 90 days: POPCAT outperformed KITKAT by 10.0% — measured on the KITKAT/POPCAT ratio, so it holds regardless of market direction.

Remember KitKat →Popcat →