Bearded Dragon vs MemeCore

MemeCore (M) is 37335.5× the size of Bearded Dragon (BEARDY) by market capitalisation. Over the past 30 days, BEARDY is ahead by 6.5 percentage points (BEARDY -20.8% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.04 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against BEARDY's 67%.

Correlation: -0.04
Size ratio: 1 : 37335.5
Ahead over 30 days: BEARDY

Bearded DragonBEARDY

$5.013e-5

24h: —
Market cap: $50,134
Volume 24h: $66
Volatility (ann.): 67%

MemeCoreM

$0.815789

24h: -3.28%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

BEARDYM

7 days+1.34%-19.79%BEARDY
30 days-20.77%-27.25%BEARDY

Correlation

-0.04over 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	BEARDY	M
Max drawdown (400d)	-28.1%	-41.1%
Risk-adjusted return (90d)	-0.33	-0.25

Relative strength over 90 days: M outperformed BEARDY by 7.0% — measured on the BEARDY/M ratio, so it holds regardless of market direction.

Bearded Dragon →MemeCore →