AVAX HAS NO CHILL vs MemeCore

MemeCore (M) is 4937.4× the size of AVAX HAS NO CHILL (NOCHILL) by market capitalisation. Over the past 30 days, NOCHILL is ahead by 40.0 percentage points (NOCHILL +12.8% against M -27.3%). Their daily returns move loosely together (correlation 0.45 across 29 shared trading days). NOCHILL has been the more volatile of the two, at 267% annualised against M's 108%.

Correlation: 0.45
Size ratio: 1 : 4937.4
Ahead over 30 days: NOCHILL

AVAX HAS NO CHILLNOCHILL

$0.000252

24h: -4.16%
Market cap: $391,228
Volume 24h: $1,028
Volatility (ann.): 267%

MemeCoreM

$0.841987

24h: -2.23%
Market cap: $1.93B
Volume 24h: $1.96M
Volatility (ann.): 108%

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

Performance

NOCHILLM

7 days-7.19%-19.79%NOCHILL
30 days+12.78%-27.25%NOCHILL

Correlation

0.45over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 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	NOCHILL	M
Max drawdown (400d)	-56.8%	-41.1%
Risk-adjusted return (90d)	0.07	-0.25

Relative strength over 90 days: NOCHILL outperformed M by 58.5% — measured on the NOCHILL/M ratio, so it holds regardless of market direction.

AVAX HAS NO CHILL →MemeCore →