America Party vs MemeCore

MemeCore (M) is 5301.1× the size of America Party (AP) by market capitalisation. Over the past 30 days, AP is ahead by 103.9 percentage points (AP +76.7% against M -27.3%). Their daily returns move barely together (correlation 0.13 across 24 shared trading days). AP has been the more volatile of the two, at 148% annualised against M's 108%.

Correlation: 0.13
Size ratio: 1 : 5301.1
Ahead over 30 days: AP

America PartyAP

$0.000349

24h: +25.01%
Market cap: $348,674
Volume 24h: $9,070
Volatility (ann.): 148%

MemeCoreM

$0.805602

24h: -5.29%
Market cap: $1.85B
Volume 24h: $1.47M
Volatility (ann.): 108%

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

Performance

APM

7 days+42.03%-19.79%AP
30 days+76.67%-27.25%AP

Correlation

0.13over 24 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	AP	M
Max drawdown (400d)	-13.0%	-41.1%
Risk-adjusted return (90d)	0.53	-0.25

Relative strength over 90 days: AP outperformed M by 93.6% — measured on the AP/M ratio, so it holds regardless of market direction.

America Party →MemeCore →