AuraFarming vs MemeCore

MemeCore (M) is 19240.7× the size of AuraFarming (AURAFARM) by market capitalisation. Over the past 30 days, AURAFARM is ahead by 5.0 percentage points (AURAFARM -22.3% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.32 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against AURAFARM's 74%.

Correlation: -0.32
Size ratio: 1 : 19240.7
Ahead over 30 days: AURAFARM

AuraFarmingAURAFARM

$0.000102

24h: +4.34%
Market cap: $98,736
Volume 24h: $20
Volatility (ann.): 74%

MemeCoreM

$0.828068

24h: -3.44%
Market cap: $1.90B
Volume 24h: $1.63M
Volatility (ann.): 108%

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

Performance

AURAFARMM

7 days+2.42%-19.79%AURAFARM
30 days-22.27%-27.25%AURAFARM

Correlation

-0.32over 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	AURAFARM	M
Max drawdown (400d)	-31.0%	-41.1%
Risk-adjusted return (90d)	-0.32	-0.25

Relative strength over 90 days: AURAFARM outperformed M by 5.7% — measured on the AURAFARM/M ratio, so it holds regardless of market direction.

AuraFarming →MemeCore →