Alt.town vs MemeCore

MemeCore (M) is 41549.3× the size of Alt.town (TOWN) by market capitalisation. Over the past 30 days, M is ahead by 49.0 percentage points (TOWN -76.2% against M -27.3%). Their daily returns move barely together (correlation 0.22 across 27 shared trading days). TOWN has been the more volatile of the two, at 134% annualised against M's 108%.

Correlation: 0.22
Size ratio: 1 : 41549.3
Ahead over 30 days: M

Alt.townTOWN

$4.629e-5

24h: -6.65%
Market cap: $44,569
Volume 24h: $1,777
Volatility (ann.): 134%

MemeCoreM

$0.807109

24h: -4.52%
Market cap: $1.85B
Volume 24h: $698,664
Volatility (ann.): 108%

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

Performance

TOWNM

7 days-62.07%-19.79%M
30 days-76.22%-27.25%M

Correlation

0.22over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	TOWN	M
Max drawdown (400d)	-80.0%	-41.1%
Risk-adjusted return (90d)	-0.60	-0.25

Relative strength over 90 days: M outperformed TOWN by 74.3% — measured on the TOWN/M ratio, so it holds regardless of market direction.

Alt.town →MemeCore →