The White Wolf vs Toshi

Toshi (TOSHI) is 354.1× the size of The White Wolf (WOLF) by market capitalisation. Over the past 30 days, TOSHI is ahead by 28.1 percentage points (WOLF -36.1% against TOSHI -8.0%). Their daily returns move barely together (correlation 0.04 across 20 shared trading days). Both have run at a similar volatility, around 77% annualised.

Correlation: 0.04
Size ratio: 1 : 354.1
Ahead over 30 days: TOSHI

The White WolfWOLF

$1.220e-6

24h: +8.82%
Market cap: $121,854
Volume 24h: $166
Volatility (ann.): 73%

ToshiTOSHI

$0.000103

24h: -2.29%
Market cap: $43.15M
Volume 24h: $2.43M
Volatility (ann.): 82%

WOLF 0.3%Share of the two combined market caps99.7% TOSHI

Performance

WOLFTOSHI

7 days-20.08%-4.43%TOSHI
30 days-36.06%-8.00%TOSHI

Correlation

0.04over 20 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	WOLF	TOSHI
Max drawdown (400d)	-37.1%	-24.2%
Risk-adjusted return (90d)	-0.51	-0.08

Relative strength over 90 days: TOSHI outperformed WOLF by 11.8% — measured on the WOLF/TOSHI ratio, so it holds regardless of market direction.

The White Wolf →Toshi →