ALT vs MemeCore

MemeCore (M) is 8724.7× the size of ALT (ALT) by market capitalisation. Over the past 30 days, M is ahead by 47.4 percentage points (ALT -74.5% against M -27.1%). Their daily returns move barely together (correlation 0.07 across 28 shared trading days). ALT has been the more volatile of the two, at 950% annualised against M's 108%.

Correlation: 0.07
Size ratio: 1 : 8724.7
Ahead over 30 days: M

ALTALT

$0.000238

24h: -6.73%
Market cap: $223,293
Volume 24h: $1,057
Volatility (ann.): 950%

MemeCoreM

$0.849259

24h: +0.56%
Market cap: $1.95B
Volume 24h: $616,156
Volatility (ann.): 108%

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

Performance

ALTM

7 days+28.14%-19.48%ALT
30 days-74.51%-27.12%M

Correlation

0.07over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	ALT	M
Max drawdown (400d)	-90.2%	-41.1%
Risk-adjusted return (90d)	-0.08	-0.23

Relative strength over 90 days: M outperformed ALT by 68.0% — measured on the ALT/M ratio, so it holds regardless of market direction.

ALT →MemeCore →