Biotech Accelerationism vs MemeCore

MemeCore (M) is 264947.7× the size of Biotech Accelerationism (BIO/ACC) by market capitalisation. Over the past 30 days, BIO/ACC is ahead by 31.0 percentage points (BIO/ACC +3.8% against M -27.3%). Their daily returns move barely together (correlation 0.33 across 20 shared trading days). BIO/ACC has been the more volatile of the two, at 245% annualised against M's 108%.

Correlation: 0.33
Size ratio: 1 : 264947.7
Ahead over 30 days: BIO/ACC

Biotech AccelerationismBIO/ACC

$7.020e-6

24h: —
Market cap: $7,002
Volume 24h: $203
Volatility (ann.): 245%

MemeCoreM

$0.808618

24h: -3.94%
Market cap: $1.86B
Volume 24h: $696,271
Volatility (ann.): 108%

BIO/ACC 0.0%Share of the two combined market caps100.0% M

Performance

BIO/ACCM

7 days+11.42%-19.79%BIO/ACC
30 days+3.75%-27.25%BIO/ACC

Correlation

0.33over 20 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	BIO/ACC	M
Max drawdown (400d)	-26.4%	-41.1%
Risk-adjusted return (90d)	0.02	-0.25

Relative strength over 90 days: BIO/ACC outperformed M by 33.9% — measured on the BIO/ACC/M ratio, so it holds regardless of market direction.

Biotech Accelerationism →MemeCore →