Araracoin vs MemeCore

MemeCore (M) is 115.5× the size of Araracoin (ARARA) by market capitalisation. Over the past 30 days, M is ahead by 18.7 percentage points (ARARA -46.0% against M -27.3%). Their daily returns move closely in opposite directions (correlation -0.76 across 25 shared trading days). ARARA has been the more volatile of the two, at 809% annualised against M's 108%.

Correlation: -0.76
Size ratio: 1 : 115.5
Ahead over 30 days: M

AraracoinARARA

$0.000447

24h: +0.07%
Market cap: $16.20M
Volume 24h: $17,093
Volatility (ann.): 809%

MemeCoreM

$0.815789

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

ARARA 0.9%Share of the two combined market caps99.1% M

Performance

ARARAM

7 days-46.15%-19.79%M
30 days-45.99%-27.25%M

Correlation

-0.76over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.7690d: 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	ARARA	M
Max drawdown (400d)	-83.4%	-41.1%
Risk-adjusted return (90d)	-0.06	-0.25

Relative strength over 90 days: M outperformed ARARA by 29.8% — measured on the ARARA/M ratio, so it holds regardless of market direction.

Araracoin →MemeCore →