Shark Cat vs cat in a dogs world

cat in a dogs world (MEW) is 46.1× the size of Shark Cat (SC) by market capitalisation. Over the past 30 days, MEW is ahead by 22.2 percentage points (SC -27.1% against MEW -4.9%). Their daily returns move barely together (correlation 0.23 across 26 shared trading days). SC has been the more volatile of the two, at 134% annualised against MEW's 99%.

Correlation: 0.23
Size ratio: 1 : 46.1
Ahead over 30 days: MEW

Shark CatSC

$0.000729

24h: -0.77%
Market cap: $721,700
Volume 24h: $900
Volatility (ann.): 134%

cat in a dogs worldMEW

$0.000375

24h: -2.74%
Market cap: $33.30M
Volume 24h: $3.21M
Volatility (ann.): 99%

SC 2.1%Share of the two combined market caps97.9% MEW

Performance

SCMEW

7 days-3.77%-11.24%SC
30 days-27.09%-4.93%MEW

Correlation

0.23over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	SC	MEW
Max drawdown (400d)	-39.1%	-24.8%
Risk-adjusted return (90d)	-0.20	-0.09

Relative strength over 90 days: MEW outperformed SC by 35.6% — measured on the SC/MEW ratio, so it holds regardless of market direction.

Shark Cat →cat in a dogs world →