Baked vs MemeCore

MemeCore (M) is 18877.5× the size of Baked (BAKED) by market capitalisation. Over the past 30 days, BAKED is ahead by 3.1 percentage points (BAKED -24.2% against M -27.3%). Their daily returns move barely together (correlation 0.09 across 22 shared trading days). M has been the more volatile of the two, at 108% annualised against BAKED's 52%.

Correlation: 0.09
Size ratio: 1 : 18877.5
Ahead over 30 days: BAKED

BakedBAKED

$0.000101

24h: —
Market cap: $100,514
Volume 24h: —
Volatility (ann.): 52%

MemeCoreM

$0.827018

24h: -2.63%
Market cap: $1.90B
Volume 24h: $1.61M
Volatility (ann.): 108%

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

Performance

BAKEDM

7 days-8.22%-19.79%BAKED
30 days-24.15%-27.25%BAKED

Correlation

0.09over 22 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	BAKED	M
Max drawdown (400d)	-27.7%	-41.1%
Risk-adjusted return (90d)	-0.45	-0.25

Relative strength over 90 days: M outperformed BAKED by 9.0% — measured on the BAKED/M ratio, so it holds regardless of market direction.

Baked →MemeCore →