APES vs MemeCore

MemeCore (M) is 26.8× the size of APES (APES) by market capitalisation. Over the past 30 days, APES is ahead by 21.8 percentage points (APES -5.3% against M -27.1%). Their daily returns move barely together (correlation 0.17 across 27 shared trading days). M has been the more volatile of the two, at 108% annualised against APES's 15%.

Correlation: 0.17
Size ratio: 1 : 26.8
Ahead over 30 days: APES

APESAPES

$0.080131

24h: +0.00%
Market cap: $72.12M
Volume 24h: —
Volatility (ann.): 15%

MemeCoreM

$0.841773

24h: -2.12%
Market cap: $1.93B
Volume 24h: $630,910
Volatility (ann.): 108%

APES 3.6%Share of the two combined market caps96.4% M

Performance

APESM

7 days-2.51%-19.48%APES
30 days-5.30%-27.12%APES

Correlation

0.17over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	APES	M
Max drawdown (400d)	-5.3%	-41.1%
Risk-adjusted return (90d)	-0.32	-0.23

Relative strength over 90 days: APES outperformed M by 34.2% — measured on the APES/M ratio, so it holds regardless of market direction.

APES →MemeCore →