Belong vs MemeCore

MemeCore (M) is 57169.5× the size of Belong (LONG) by market capitalisation. Over the past 30 days, LONG is ahead by 11.9 percentage points (LONG -13.4% against M -25.3%). Their daily returns move barely together (correlation 0.10 across 28 shared trading days). LONG has been the more volatile of the two, at 1055% annualised against M's 107%.

Correlation: 0.10
Size ratio: 1 : 57169.5
Ahead over 30 days: LONG

BelongLONG

$0.000464

24h: -2.89%
Market cap: $32,906
Volume 24h: $995
Volatility (ann.): 1055%

MemeCoreM

$0.819888

24h: -1.52%
Market cap: $1.88B
Volume 24h: $1.99M
Volatility (ann.): 107%

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

Performance

LONGM

7 days-28.22%-20.13%M
30 days-13.41%-25.32%LONG

Correlation

0.10over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	LONG	M
Max drawdown (400d)	-79.7%	-41.1%
Risk-adjusted return (90d)	-0.02	-0.27

Relative strength over 90 days: LONG outperformed M by 6.0% — measured on the LONG/M ratio, so it holds regardless of market direction.

Belong →MemeCore →