AXOL vs MemeCore

MemeCore (M) is 5400.5× the size of AXOL (AXOL) by market capitalisation. Over the past 30 days, M is ahead by 19.3 percentage points (AXOL -46.5% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.10 across 21 shared trading days). AXOL has been the more volatile of the two, at 159% annualised against M's 108%.

Correlation: -0.10
Size ratio: 1 : 5400.5
Ahead over 30 days: M

AXOLAXOL

$0.000353

24h: +5.57%
Market cap: $352,880
Volume 24h: $176
Volatility (ann.): 159%

MemeCoreM

$0.830662

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

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

Performance

AXOLM

7 days-9.56%-19.79%AXOL
30 days-46.52%-27.25%M

Correlation

-0.10over 21 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	AXOL	M
Max drawdown (400d)	-53.9%	-41.1%
Risk-adjusted return (90d)	-0.22	-0.25

Relative strength over 90 days: M outperformed AXOL by 21.9% — measured on the AXOL/M ratio, so it holds regardless of market direction.

AXOL →MemeCore →