believe in something vs MemeCore

MemeCore (M) is 19050.4× the size of believe in something (DTF) by market capitalisation. Over the past 30 days, DTF is ahead by 6.2 percentage points (DTF -21.0% against M -27.3%). Their daily returns move barely together (correlation 0.10 across 22 shared trading days). M has been the more volatile of the two, at 108% annualised against DTF's 64%.

Correlation: 0.10
Size ratio: 1 : 19050.4
Ahead over 30 days: DTF

believe in somethingDTF

$9.988e-5

24h: —
Market cap: $99,741
Volume 24h: $417
Volatility (ann.): 64%

MemeCoreM

$0.828184

24h: -3.32%
Market cap: $1.90B
Volume 24h: $1.63M
Volatility (ann.): 108%

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

Performance

DTFM

7 days-4.34%-19.79%DTF
30 days-21.05%-27.25%DTF

Correlation

0.10over 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	DTF	M
Max drawdown (400d)	-24.4%	-41.1%
Risk-adjusted return (90d)	-0.32	-0.25

Relative strength over 90 days: M outperformed DTF by 12.7% — measured on the DTF/M ratio, so it holds regardless of market direction.

believe in something →MemeCore →