Carrot by Puffer vs MemeCore

MemeCore (M) is 1628.9× the size of Carrot by Puffer (CARROT) by market capitalisation. Over the past 30 days, CARROT is ahead by 117.6 percentage points (CARROT +90.5% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.13 across 28 shared trading days). CARROT has been the more volatile of the two, at 198% annualised against M's 108%.

Correlation: -0.13
Size ratio: 1 : 1628.9
Ahead over 30 days: CARROT

Carrot by PufferCARROT

$0.012570

24h: +1.89%
Market cap: $1.20M
Volume 24h: $829
Volatility (ann.): 198%

MemeCoreM

$0.853420

24h: +2.51%
Market cap: $1.96B
Volume 24h: $617,839
Volatility (ann.): 108%

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

Performance

CARROTM

7 days-26.18%-19.48%M
30 days+90.46%-27.12%CARROT

Correlation

-0.13over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	CARROT	M
Max drawdown (400d)	-27.8%	-41.1%
Risk-adjusted return (90d)	0.44	-0.23

Relative strength over 90 days: CARROT outperformed M by 138.4% — measured on the CARROT/M ratio, so it holds regardless of market direction.

Carrot by Puffer →MemeCore →