BAKKT vs MemeCore

MemeCore (M) is 67698.1× the size of BAKKT (BAKKT) by market capitalisation. Over the past 30 days, BAKKT is ahead by 0.1 percentage points (BAKKT -25.3% against M -25.3%). Their daily returns move barely in opposite directions (correlation -0.06 across 24 shared trading days). M has been the more volatile of the two, at 107% annualised against BAKKT's 50%.

Correlation: -0.06
Size ratio: 1 : 67698.1
Ahead over 30 days: BAKKT

BAKKTBAKKT

$2.830e-5

24h: —
Market cap: $28,258
Volume 24h: $246
Volatility (ann.): 50%

MemeCoreM

$0.833658

24h: +0.68%
Market cap: $1.91B
Volume 24h: $2.09M
Volatility (ann.): 107%

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

Performance

BAKKTM

7 days-14.64%-20.13%BAKKT
30 days-25.25%-25.32%BAKKT

Correlation

-0.06over 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	BAKKT	M
Max drawdown (400d)	-25.6%	-41.1%
Risk-adjusted return (90d)	-0.49	-0.27

Relative strength over 90 days: M outperformed BAKKT by 6.8% — measured on the BAKKT/M ratio, so it holds regardless of market direction.

BAKKT →MemeCore →