ALEO vs MemeCore

MemeCore (M) is 31.3× the size of ALEO (ALEO) by market capitalisation. Over the past 30 days, ALEO is ahead by 147.5 percentage points (ALEO +120.4% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.11 across 34 shared trading days). ALEO has been the more volatile of the two, at 289% annualised against M's 108%.

Correlation: -0.11
Size ratio: 1 : 31.3
Ahead over 30 days: ALEO

ALEOALEO

$0.039900

24h: +0.95%
Market cap: $61.62M
Volume 24h: $1.65M
Volatility (ann.): 289%

MemeCoreM

$0.841282

24h: -1.92%
Market cap: $1.93B
Volume 24h: $627,939
Volatility (ann.): 108%

ALEO 3.1%Share of the two combined market caps96.9% M

Performance

ALEOM

7 days+22.73%-19.48%ALEO
30 days+120.41%-27.12%ALEO

Correlation

-0.11over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1190d: 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	ALEO	M
Max drawdown (400d)	-25.2%	-41.1%
Risk-adjusted return (90d)	0.42	-0.23

Relative strength over 90 days: ALEO outperformed M by 169.3% — measured on the ALEO/M ratio, so it holds regardless of market direction.

ALEO →MemeCore →