America Party vs MemeCore

MemeCore (M) is 53.6× the size of America Party (AMERICA) by market capitalisation. Over the past 30 days, AMERICA is ahead by 7.5 percentage points (AMERICA -19.6% against M -27.1%). Their daily returns move barely together (correlation 0.31 across 45 shared trading days). M has been the more volatile of the two, at 108% annualised against AMERICA's 85%.

Correlation: 0.31
Size ratio: 1 : 53.6
Ahead over 30 days: AMERICA

America PartyAMERICA

$8.550e-8

24h: +6.07%
Market cap: $35.97M
Volume 24h: $7
Volatility (ann.): 85%

MemeCoreM

$0.841165

24h: -1.86%
Market cap: $1.93B
Volume 24h: $655,757
Volatility (ann.): 108%

AMERICA 1.8%Share of the two combined market caps98.2% M

Performance

AMERICAM

7 days-2.21%-19.48%AMERICA
30 days-19.59%-27.12%AMERICA

Correlation

0.31over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 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	AMERICA	M
Max drawdown (400d)	-22.1%	-41.1%
Risk-adjusted return (90d)	-0.23	-0.23

Relative strength over 90 days: AMERICA outperformed M by 3.8% — measured on the AMERICA/M ratio, so it holds regardless of market direction.

America Party →MemeCore →