Tsutsuji the Cate vs Purr

Purr (PURR) is 2112.8× the size of Tsutsuji the Cate (CATE) by market capitalisation. Over the past 30 days, PURR is ahead by 80.1 percentage points (CATE -81.3% against PURR -1.3%). Their daily returns move barely together (correlation 0.15 across 20 shared trading days). CATE has been the more volatile of the two, at 375% annualised against PURR's 223%.

Correlation: 0.15
Size ratio: 1 : 2112.8
Ahead over 30 days: PURR

Tsutsuji the CateCATE

$3.371e-5

24h: -9.89%
Market cap: $33,714
Volume 24h: $5,054
Volatility (ann.): 375%

PurrPURR

$0.119784

24h: +5.36%
Market cap: $71.23M
Volume 24h: $2.48M
Volatility (ann.): 223%

CATE 0.0%Share of the two combined market caps100.0% PURR

Performance

CATEPURR

7 days-73.41%+4.50%PURR
30 days-81.33%-1.26%PURR

Correlation

0.15over 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	CATE	PURR
Max drawdown (400d)	-87.5%	-43.9%
Risk-adjusted return (90d)	-0.23	0.07

Relative strength over 90 days: PURR outperformed CATE by 83.8% — measured on the CATE/PURR ratio, so it holds regardless of market direction.

Tsutsuji the Cate →Purr →