Chadette vs MemeCore

MemeCore (M) is 272762.0× the size of Chadette (CHADETTE) by market capitalisation. Over the past 30 days, CHADETTE is ahead by 8.6 percentage points (CHADETTE -18.7% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.08 across 22 shared trading days). M has been the more volatile of the two, at 108% annualised against CHADETTE's 43%.

Correlation: -0.08
Size ratio: 1 : 272762.0
Ahead over 30 days: CHADETTE

ChadetteCHADETTE

$6.850e-6

24h: +4.23%
Market cap: $6,789
Volume 24h: $16
Volatility (ann.): 43%

MemeCoreM

$0.807109

24h: -4.52%
Market cap: $1.85B
Volume 24h: $698,664
Volatility (ann.): 108%

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

Performance

CHADETTEM

7 days-7.02%-19.79%CHADETTE
30 days-18.67%-27.25%CHADETTE

Correlation

-0.08over 22 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	CHADETTE	M
Max drawdown (400d)	-23.5%	-41.1%
Risk-adjusted return (90d)	-0.41	-0.25

Relative strength over 90 days: M outperformed CHADETTE by 2.6% — measured on the CHADETTE/M ratio, so it holds regardless of market direction.

Chadette →MemeCore →