REST vs Popcat

Popcat (POPCAT) is 250.4× the size of REST (REST) by market capitalisation. Over the past 30 days, POPCAT is ahead by 26.1 percentage points (REST -41.9% against POPCAT -15.8%). Their daily returns move barely in opposite directions (correlation -0.31 across 20 shared trading days). REST has been the more volatile of the two, at 148% annualised against POPCAT's 102%.

Correlation: -0.31
Size ratio: 1 : 250.4
Ahead over 30 days: POPCAT

RESTREST

$0.000311

24h: +3.16%
Market cap: $155,306
Volume 24h: $2,351
Volatility (ann.): 148%

PopcatPOPCAT

$0.039679

24h: +0.89%
Market cap: $38.88M
Volume 24h: $3.83M
Volatility (ann.): 102%

REST 0.4%Share of the two combined market caps99.6% POPCAT

Performance

RESTPOPCAT

7 days-26.55%-8.15%POPCAT
30 days-41.89%-15.77%POPCAT

Correlation

-0.31over 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	REST	POPCAT
Max drawdown (400d)	-51.4%	-35.5%
Risk-adjusted return (90d)	-0.34	-0.13

Relative strength over 90 days: POPCAT outperformed REST by 21.0% — measured on the REST/POPCAT ratio, so it holds regardless of market direction.

REST →Popcat →