Cakepie vs MemeCore

MemeCore (M) is 1156.6× the size of Cakepie (CKP) by market capitalisation. Over the past 30 days, CKP is ahead by 19.2 percentage points (CKP -7.9% against M -27.1%). Their daily returns move barely together (correlation 0.17 across 29 shared trading days). M has been the more volatile of the two, at 108% annualised against CKP's 61%.

Correlation: 0.17
Size ratio: 1 : 1156.6
Ahead over 30 days: CKP

CakepieCKP

$0.517085

24h: -0.51%
Market cap: $1.67M
Volume 24h: $173
Volatility (ann.): 61%

MemeCoreM

$0.841282

24h: -1.92%
Market cap: $1.93B
Volume 24h: $627,939
Volatility (ann.): 108%

CKP 0.1%Share of the two combined market caps99.9% M

Performance

CKPM

7 days+0.10%-19.48%CKP
30 days-7.95%-27.12%CKP

Correlation

0.17over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	CKP	M
Max drawdown (400d)	-14.3%	-41.1%
Risk-adjusted return (90d)	-0.14	-0.23

Relative strength over 90 days: CKP outperformed M by 17.7% — measured on the CKP/M ratio, so it holds regardless of market direction.

Cakepie →MemeCore →