Shiro Neko vs Popcat

Popcat (POPCAT) is 122.3× the size of Shiro Neko (SHIRO) by market capitalisation. Over the past 30 days, POPCAT is ahead by 28.3 percentage points (SHIRO -45.1% against POPCAT -16.8%). Their daily returns move barely together (correlation 0.31 across 30 shared trading days). SHIRO has been the more volatile of the two, at 205% annualised against POPCAT's 103%.

Correlation: 0.31
Size ratio: 1 : 122.3
Ahead over 30 days: POPCAT

Shiro NekoSHIRO

$4.299e-10

24h: +9.25%
Market cap: $330,049
Volume 24h: $16,365
Volatility (ann.): 205%

PopcatPOPCAT

$0.041205

24h: +4.26%
Market cap: $40.37M
Volume 24h: $3.82M
Volatility (ann.): 103%

SHIRO 0.8%Share of the two combined market caps99.2% POPCAT

Performance

SHIROPOPCAT

7 days-53.67%-8.88%POPCAT
30 days-45.09%-16.79%POPCAT

Correlation

0.31over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: 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	SHIRO	POPCAT
Max drawdown (400d)	-59.0%	-35.5%
Risk-adjusted return (90d)	-0.27	-0.13

Relative strength over 90 days: POPCAT outperformed SHIRO by 41.8% — measured on the SHIRO/POPCAT ratio, so it holds regardless of market direction.

Shiro Neko →Popcat →