Thinking Cat vs Cash Cat

Cash Cat (CASHCAT) is 19.1× the size of Thinking Cat (HMM) by market capitalisation. Over the past 30 days, CASHCAT is ahead by 16.2 percentage points (HMM -51.5% against CASHCAT -35.3%). Their daily returns move loosely together (correlation 0.57 across 33 shared trading days). HMM has been the more volatile of the two, at 409% annualised against CASHCAT's 264%.

Correlation: 0.57
Size ratio: 1 : 19.1
Ahead over 30 days: CASHCAT

Thinking CatHMM

$0.005538

24h: +11.72%
Market cap: $5.54M
Volume 24h: $1.29M
Volatility (ann.): 409%

Cash CatCASHCAT

$0.106823

24h: -0.06%
Market cap: $105.49M
Volume 24h: $16.55M
Volatility (ann.): 264%

HMM 5.0%Share of the two combined market caps95.0% CASHCAT

Performance

HMMCASHCAT

7 days-10.14%+8.81%CASHCAT
30 days-51.48%-35.26%CASHCAT

Correlation

0.57over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5890d: 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	HMM	CASHCAT
Max drawdown (400d)	-85.3%	-69.6%
Risk-adjusted return (90d)	-0.17	-0.02

Relative strength over 90 days: CASHCAT outperformed HMM by 43.3% — measured on the HMM/CASHCAT ratio, so it holds regardless of market direction.

Thinking Cat →Cash Cat →