BALTO vs MemeCore

MemeCore (M) is 51662.1× the size of BALTO (BALTO) by market capitalisation. Over the past 30 days, BALTO is ahead by 19.9 percentage points (BALTO -5.4% against M -25.3%). Their daily returns move barely in opposite directions (correlation -0.15 across 25 shared trading days). Both have run at a similar volatility, around 111% annualised.

Correlation: -0.15
Size ratio: 1 : 51662.1
Ahead over 30 days: BALTO

BALTOBALTO

$1.025e-7

24h: -7.42%
Market cap: $36,813
Volume 24h: $14
Volatility (ann.): 115%

MemeCoreM

$0.828819

24h: -0.52%
Market cap: $1.90B
Volume 24h: $2.10M
Volatility (ann.): 107%

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

Performance

BALTOM

7 days-2.84%-20.13%BALTO
30 days-5.43%-25.32%BALTO

Correlation

-0.15over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	BALTO	M
Max drawdown (400d)	-36.6%	-41.1%
Risk-adjusted return (90d)	-0.28	-0.27

Relative strength over 90 days: BALTO outperformed M by 2.8% — measured on the BALTO/M ratio, so it holds regardless of market direction.

BALTO →MemeCore →