Black Dragon vs MemeCore

MemeCore (M) is 3959.7× the size of Black Dragon (BLACKDRAGON) by market capitalisation. Over the past 30 days, M is ahead by 9.1 percentage points (BLACKDRAGON -36.2% against M -27.1%). Their daily returns move loosely together (correlation 0.41 across 20 shared trading days). BLACKDRAGON has been the more volatile of the two, at 486% annualised against M's 108%.

Correlation: 0.41
Size ratio: 1 : 3959.7
Ahead over 30 days: M

Black DragonBLACKDRAGON

$6.285e-9

24h: +2.78%
Market cap: $487,666
Volume 24h: $1,650
Volatility (ann.): 486%

MemeCoreM

$0.841773

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

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

Performance

BLACKDRAGONM

7 days+6.30%-19.48%BLACKDRAGON
30 days-36.18%-27.12%M

Correlation

0.41over 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	BLACKDRAGON	M
Max drawdown (400d)	-80.0%	-41.1%
Risk-adjusted return (90d)	-0.07	-0.23

Relative strength over 90 days: M outperformed BLACKDRAGON by 18.7% — measured on the BLACKDRAGON/M ratio, so it holds regardless of market direction.

Black Dragon →MemeCore →