Alon vs MemeCore

MemeCore (M) is 673.2× the size of Alon (ALON) by market capitalisation. Over the past 30 days, ALON is ahead by 18.4 percentage points (ALON -8.8% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.22 across 21 shared trading days). ALON has been the more volatile of the two, at 236% annualised against M's 108%.

Correlation: -0.22
Size ratio: 1 : 673.2
Ahead over 30 days: ALON

AlonALON

$0.002922

24h: +1.51%
Market cap: $2.89M
Volume 24h: $89,937
Volatility (ann.): 236%

MemeCoreM

$0.847990

24h: -1.10%
Market cap: $1.95B
Volume 24h: $1.71M
Volatility (ann.): 108%

ALON 0.1%Share of the two combined market caps99.9% M

Performance

ALONM

7 days+36.19%-19.48%ALON
30 days-8.76%-27.12%ALON

Correlation

-0.22over 21 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	ALON	M
Max drawdown (400d)	-38.6%	-41.1%
Risk-adjusted return (90d)	-0.04	-0.23

Relative strength over 90 days: M outperformed ALON by 13.4% — measured on the ALON/M ratio, so it holds regardless of market direction.

Alon →MemeCore →