MemeCore (M) is 2669.4× the size of AGENDA 47 (A47) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 44 shared trading days). A47 has been the more volatile of the two, at 155% annualised against M's 108%.
A47M
0.49over 44 shared trading days
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.
| Metric | A47 | M |
|---|---|---|
| Max drawdown (400d) | -97.3% | -41.1% |
| Risk-adjusted return (90d) | -0.31 | -0.23 |
| Best 30 days (past year) | +44.8% | — |
| Worst 30 days (past year) | -68.7% | — |
Relative strength over 90 days: M outperformed A47 by 41.0% — measured on the A47/M ratio, so it holds regardless of market direction.