Airfox vs MemeCore

MemeCore (M) is 4703.0× the size of Airfox (AFX) by market capitalisation. Over the past 30 days, AFX is ahead by 12.5 percentage points (AFX -14.7% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.01 across 24 shared trading days). AFX has been the more volatile of the two, at 177% annualised against M's 108%.

Correlation: -0.01
Size ratio: 1 : 4703.0
Ahead over 30 days: AFX

AirfoxAFX

$4.916e-5

24h: +3.41%
Market cap: $405,215
Volume 24h: $160
Volatility (ann.): 177%

MemeCoreM

$0.830662

24h: -1.86%
Market cap: $1.91B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

AFXM

7 days-1.38%-19.79%AFX
30 days-14.75%-27.25%AFX

Correlation

-0.01over 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	AFX	M
Max drawdown (400d)	-35.7%	-41.1%
Risk-adjusted return (90d)	-0.13	-0.25

Relative strength over 90 days: AFX outperformed M by 8.4% — measured on the AFX/M ratio, so it holds regardless of market direction.

Airfox →MemeCore →