Bermuda Shorts vs MemeCore

MemeCore (M) is 23351.1× the size of Bermuda Shorts (SHORT) by market capitalisation. Over the past 30 days, SHORT is ahead by 26.3 percentage points (SHORT -0.9% against M -27.1%). Their daily returns move loosely together (correlation 0.38 across 54 shared trading days). Both have run at a similar volatility, around 106% annualised.

Correlation: 0.38
Size ratio: 1 : 23351.1
Ahead over 30 days: SHORT

Bermuda ShortsSHORT

$2.067e-5

24h: +1.40%
Market cap: $82,695
Volume 24h: $29
Volatility (ann.): 104%

MemeCoreM

$0.841773

24h: -2.12%
Market cap: $1.93B
Volume 24h: $630,910
Volatility (ann.): 108%

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

Performance

SHORTM

7 days-9.98%-19.48%SHORT
30 days-0.86%-27.12%SHORT

Correlation

0.38over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	SHORT	M
Max drawdown (400d)	-24.6%	-41.1%
Risk-adjusted return (90d)	-0.07	-0.23

Relative strength over 90 days: SHORT outperformed M by 22.2% — measured on the SHORT/M ratio, so it holds regardless of market direction.

Bermuda Shorts →MemeCore →