Shark Cat vs Popcat

Popcat (POPCAT) is 53.7× the size of Shark Cat (SC) by market capitalisation. Over the past 30 days, POPCAT is ahead by 10.3 percentage points (SC -27.1% against POPCAT -16.8%). Their daily returns move loosely together (correlation 0.40 across 24 shared trading days). SC has been the more volatile of the two, at 134% annualised against POPCAT's 103%.

Correlation: 0.40
Size ratio: 1 : 53.7
Ahead over 30 days: POPCAT

Shark CatSC

$0.000729

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

PopcatPOPCAT

$0.039577

24h: -0.07%
Market cap: $38.77M
Volume 24h: $3.52M
Volatility (ann.): 103%

SC 1.8%Share of the two combined market caps98.2% POPCAT

Performance

SCPOPCAT

7 days-3.77%-8.88%SC
30 days-27.09%-16.79%POPCAT

Correlation

0.40over 24 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	SC	POPCAT
Max drawdown (400d)	-39.1%	-35.5%
Risk-adjusted return (90d)	-0.20	-0.13

Relative strength over 90 days: POPCAT outperformed SC by 26.1% — measured on the SC/POPCAT ratio, so it holds regardless of market direction.

Shark Cat →Popcat →