Central African Republic Meme vs MemeCore

MemeCore (M) is 969.5× the size of Central African Republic Meme (CAR) by market capitalisation. Over the past 30 days, M is ahead by 0.4 percentage points (CAR -27.6% against M -27.1%). Their daily returns move loosely together (correlation 0.59 across 30 shared trading days). Both have run at a similar volatility, around 108% annualised.

Correlation: 0.59
Size ratio: 1 : 969.5
Ahead over 30 days: M

Central African Republic MemeCAR

$0.002028

24h: -0.48%
Market cap: $2.01M
Volume 24h: $497
Volatility (ann.): 108%

MemeCoreM

$0.850936

24h: -1.26%
Market cap: $1.95B
Volume 24h: $2.02M
Volatility (ann.): 108%

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

Performance

CARM

7 days-9.38%-19.48%CAR
30 days-27.55%-27.12%M

Correlation

0.59over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5990d: 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	CAR	M
Max drawdown (400d)	-38.5%	-41.1%
Risk-adjusted return (90d)	-0.35	-0.23

Relative strength over 90 days: M outperformed CAR by 21.4% — measured on the CAR/M ratio, so it holds regardless of market direction.

Central African Republic Meme →MemeCore →