Shivolink vs Cash Cat

Cash Cat (CASHCAT) is 3968.5× the size of Shivolink (SLINK) by market capitalisation. Over the past 30 days, CASHCAT is ahead by 3.1 percentage points (SLINK -39.8% against CASHCAT -36.7%). Their daily returns move closely together (correlation 0.61 across 23 shared trading days). Both have run at a similar volatility, around 258% annualised.

Correlation: 0.61
Size ratio: 1 : 3968.5
Ahead over 30 days: CASHCAT

ShivolinkSLINK

$2.437e-5

24h: +0.64%
Market cap: $22,381
Volume 24h: $96
Volatility (ann.): 254%

Cash CatCASHCAT

$0.089923

24h: -19.42%
Market cap: $88.82M
Volume 24h: $11.58M
Volatility (ann.): 261%

SLINK 0.0%Share of the two combined market caps100.0% CASHCAT

Performance

SLINKCASHCAT

7 days-13.00%+3.53%CASHCAT
30 days-39.80%-36.68%CASHCAT

Correlation

0.61over 23 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	SLINK	CASHCAT
Max drawdown (400d)	-54.7%	-69.6%
Risk-adjusted return (90d)	-0.20	-0.03

Relative strength over 90 days: CASHCAT outperformed SLINK by 23.8% — measured on the SLINK/CASHCAT ratio, so it holds regardless of market direction.

Shivolink →Cash Cat →