Canopy vs MemeCore

MemeCore (M) is 103.0× the size of Canopy (CNPY) by market capitalisation. Over the past 30 days, M is ahead by 6.2 percentage points (CNPY -33.3% against M -27.1%). Their daily returns move loosely together (correlation 0.35 across 24 shared trading days). CNPY has been the more volatile of the two, at 141% annualised against M's 108%.

Correlation: 0.35
Size ratio: 1 : 103.0
Ahead over 30 days: M

CanopyCNPY

$0.161797

24h: -4.76%
Market cap: $18.75M
Volume 24h: $1.06M
Volatility (ann.): 141%

MemeCoreM

$0.841525

24h: -1.81%
Market cap: $1.93B
Volume 24h: $629,418
Volatility (ann.): 108%

CNPY 1.0%Share of the two combined market caps99.0% M

Performance

CNPYM

7 days-12.19%-19.48%CNPY
30 days-33.30%-27.12%M

Correlation

0.35over 24 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	CNPY	M
Max drawdown (400d)	-57.2%	-41.1%
Risk-adjusted return (90d)	-0.36	-0.23

Relative strength over 90 days: M outperformed CNPY by 34.6% — measured on the CNPY/M ratio, so it holds regardless of market direction.

Canopy →MemeCore →