ALD vs MemeCore

MemeCore (M) is 394.2× the size of ALD (ALD) by market capitalisation. Over the past 30 days, M is ahead by 26.5 percentage points (ALD -53.8% against M -27.3%). Their daily returns move closely together (correlation 0.63 across 45 shared trading days). M has been the more volatile of the two, at 108% annualised against ALD's 93%.

Correlation: 0.63
Size ratio: 1 : 394.2
Ahead over 30 days: M

ALDALD

$0.024097

24h: +0.60%
Market cap: $4.82M
Volume 24h: $244,795
Volatility (ann.): 93%

MemeCoreM

$0.828051

24h: -3.41%
Market cap: $1.90B
Volume 24h: $1.60M
Volatility (ann.): 108%

ALD 0.3%Share of the two combined market caps99.7% M

Performance

ALDM

7 days-0.29%-19.79%ALD
30 days-53.78%-27.25%M

Correlation

0.63over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6990d: 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	ALD	M
Max drawdown (400d)	-62.6%	-41.1%
Risk-adjusted return (90d)	-0.63	-0.25

Relative strength over 90 days: M outperformed ALD by 45.3% — measured on the ALD/M ratio, so it holds regardless of market direction.

ALD →MemeCore →