A Gently Used 2001 Honda vs MemeCore

MemeCore (M) is 14020.8× the size of A Gently Used 2001 Honda (USEDCAR) by market capitalisation. Over the past 30 days, USEDCAR is ahead by 7.5 percentage points (USEDCAR -19.7% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.15 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against USEDCAR's 50%.

Correlation: -0.15
Size ratio: 1 : 14020.8
Ahead over 30 days: USEDCAR

A Gently Used 2001 HondaUSEDCAR

$0.000407

24h: +4.40%
Market cap: $135,520
Volume 24h: $28
Volatility (ann.): 50%

MemeCoreM

$0.828184

24h: -3.32%
Market cap: $1.90B
Volume 24h: $1.63M
Volatility (ann.): 108%

USEDCAR 0.0%Share of the two combined market caps100.0% M

Performance

USEDCARM

7 days-5.62%-19.79%USEDCAR
30 days-19.74%-27.25%USEDCAR

Correlation

-0.15over 24 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	USEDCAR	M
Max drawdown (400d)	-24.9%	-41.1%
Risk-adjusted return (90d)	-0.28	-0.25

Relative strength over 90 days: M outperformed USEDCAR by 3.8% — measured on the USEDCAR/M ratio, so it holds regardless of market direction.

A Gently Used 2001 Honda →MemeCore →