Purr (PURR) is 215.5× the size of Shiro Neko (SHIRO) by market capitalisation. Over the past 30 days, PURR is ahead by 43.8 percentage points (SHIRO -45.1% against PURR -1.3%). Their daily returns move closely together (correlation 0.62 across 29 shared trading days). Both have run at a similar volatility, around 214% annualised.
SHIROPURR
0.62over 29 shared trading days
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.
| Metric | SHIRO | PURR |
|---|---|---|
| Max drawdown (400d) | -59.0% | -43.9% |
| Risk-adjusted return (90d) | -0.27 | 0.07 |
Relative strength over 90 days: PURR outperformed SHIRO by 54.2% — measured on the SHIRO/PURR ratio, so it holds regardless of market direction.