Abster vs MemeCore

MemeCore (M) is 138997.7× the size of Abster (ABSTER) by market capitalisation. Over the past 30 days, ABSTER is ahead by 14.7 percentage points (ABSTER -12.4% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.17 across 20 shared trading days). ABSTER has been the more volatile of the two, at 136% annualised against M's 108%.

Correlation: -0.17
Size ratio: 1 : 138997.7
Ahead over 30 days: ABSTER

AbsterABSTER

$1.414e-5

24h: —
Market cap: $14,007
Volume 24h: $6
Volatility (ann.): 136%

MemeCoreM

$0.848694

24h: -1.15%
Market cap: $1.95B
Volume 24h: $1.66M
Volatility (ann.): 108%

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

Performance

ABSTERM

7 days+8.42%-19.48%ABSTER
30 days-12.44%-27.12%ABSTER

Correlation

-0.17over 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	ABSTER	M
Max drawdown (400d)	-33.2%	-41.1%
Risk-adjusted return (90d)	-0.09	-0.23

Relative strength over 90 days: M outperformed ABSTER by 26.6% — measured on the ABSTER/M ratio, so it holds regardless of market direction.

Abster →MemeCore →