ApeWifHat vs MemeCore

MemeCore (M) is 39737.1× the size of ApeWifHat (APEWIFHAT) by market capitalisation. Over the past 30 days, APEWIFHAT is ahead by 3.7 percentage points (APEWIFHAT -23.5% against M -27.3%). Their daily returns move barely together (correlation 0.14 across 22 shared trading days). M has been the more volatile of the two, at 108% annualised against APEWIFHAT's 33%.

Correlation: 0.14
Size ratio: 1 : 39737.1
Ahead over 30 days: APEWIFHAT

ApeWifHatAPEWIFHAT

$4.710e-10

24h: +1.65%
Market cap: $47,104
Volume 24h: $1
Volatility (ann.): 33%

MemeCoreM

$0.815789

24h: -3.28%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

APEWIFHATM

7 days-7.37%-19.79%APEWIFHAT
30 days-23.52%-27.25%APEWIFHAT

Correlation

0.14over 22 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	APEWIFHAT	M
Max drawdown (400d)	-24.4%	-41.1%
Risk-adjusted return (90d)	-0.70	-0.25

Relative strength over 90 days: M outperformed APEWIFHAT by 6.8% — measured on the APEWIFHAT/M ratio, so it holds regardless of market direction.

ApeWifHat →MemeCore →