Thinking Cat vs Purr

Purr (PURR) is 12.3× the size of Thinking Cat (HMM) by market capitalisation. Over the past 30 days, PURR is ahead by 50.2 percentage points (HMM -51.5% against PURR -1.3%). Their daily returns move barely together (correlation 0.29 across 35 shared trading days). HMM has been the more volatile of the two, at 409% annualised against PURR's 223%.

Correlation: 0.29
Size ratio: 1 : 12.3
Ahead over 30 days: PURR

Thinking CatHMM

$0.005538

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

PurrPURR

$0.114239

24h: +0.02%
Market cap: $67.93M
Volume 24h: $2.19M
Volatility (ann.): 223%

HMM 7.5%Share of the two combined market caps92.5% PURR

Performance

HMMPURR

7 days-10.14%+4.50%PURR
30 days-51.48%-1.26%PURR

Correlation

0.29over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 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	PURR
Max drawdown (400d)	-85.3%	-43.9%
Risk-adjusted return (90d)	-0.17	0.07

Relative strength over 90 days: PURR outperformed HMM by 69.5% — measured on the HMM/PURR ratio, so it holds regardless of market direction.

Thinking Cat →Purr →