Thinking Cat vs Toshi

Toshi (TOSHI) is 7.9× the size of Thinking Cat (HMM) by market capitalisation. Over the past 30 days, TOSHI is ahead by 43.2 percentage points (HMM -51.5% against TOSHI -8.3%). Their daily returns move barely together (correlation 0.21 across 36 shared trading days). HMM has been the more volatile of the two, at 409% annualised against TOSHI's 83%.

Correlation: 0.21
Size ratio: 1 : 7.9
Ahead over 30 days: TOSHI

Thinking CatHMM

$0.005538

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

ToshiTOSHI

$0.000104

24h: +0.54%
Market cap: $43.56M
Volume 24h: $2.50M
Volatility (ann.): 83%

HMM 11.3%Share of the two combined market caps88.7% TOSHI

Performance

HMMTOSHI

7 days-10.14%-6.12%TOSHI
30 days-51.48%-8.29%TOSHI

Correlation

0.21over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	TOSHI
Max drawdown (400d)	-85.3%	-24.2%
Risk-adjusted return (90d)	-0.17	-0.09

Relative strength over 90 days: TOSHI outperformed HMM by 66.1% — measured on the HMM/TOSHI ratio, so it holds regardless of market direction.

Thinking Cat →Toshi →