Wen vs cat in a dogs world

cat in a dogs world (MEW) is 9.1× the size of Wen (WEN) by market capitalisation. Over the past 30 days, MEW is ahead by 63.3 percentage points (WEN -68.2% against MEW -4.9%). Their daily returns move barely together (correlation 0.08 across 38 shared trading days). WEN has been the more volatile of the two, at 1467545% annualised against MEW's 99%.

Correlation: 0.08
Size ratio: 1 : 9.1
Ahead over 30 days: MEW

WenWEN

$5.090e-6

24h: -0.33%
Market cap: $3.71M
Volume 24h: $91,648
Volatility (ann.): 1467545%

cat in a dogs worldMEW

$0.000381

24h: -0.13%
Market cap: $33.84M
Volume 24h: $3.16M
Volatility (ann.): 99%

WEN 9.9%Share of the two combined market caps90.1% MEW

Performance

WENMEW

7 days-50.76%-11.24%MEW
30 days-68.24%-4.93%MEW

Correlation

0.08over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	WEN	MEW
Max drawdown (400d)	-100.0%	-24.8%
Risk-adjusted return (90d)	0.00	-0.09

Relative strength over 90 days: MEW outperformed WEN by 74.0% — measured on the WEN/MEW ratio, so it holds regardless of market direction.

Wen →cat in a dogs world →