Cheems Token vs MemeCore

MemeCore (M) is 24.7× the size of Cheems Token (CHEEMS) by market capitalisation. Over the past 30 days, CHEEMS is ahead by 4.0 percentage points (CHEEMS -23.2% against M -27.1%). Their daily returns move barely together (correlation 0.31 across 54 shared trading days). M has been the more volatile of the two, at 108% annualised against CHEEMS's 73%.

Correlation: 0.31
Size ratio: 1 : 24.7
Ahead over 30 days: CHEEMS

Cheems TokenCHEEMS

$3.879e-7

24h: -0.74%
Market cap: $79.01M
Volume 24h: $550,644
Volatility (ann.): 73%

MemeCoreM

$0.851799

24h: +2.28%
Market cap: $1.95B
Volume 24h: $610,524
Volatility (ann.): 108%

CHEEMS 3.9%Share of the two combined market caps96.1% M

Performance

CHEEMSM

7 days-13.18%-19.48%CHEEMS
30 days-23.17%-27.12%CHEEMS

Correlation

0.31over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5690d: 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	CHEEMS	M
Max drawdown (400d)	-31.3%	-41.1%
Risk-adjusted return (90d)	-0.25	-0.23

Relative strength over 90 days: CHEEMS outperformed M by 8.2% — measured on the CHEEMS/M ratio, so it holds regardless of market direction.

Cheems Token →MemeCore →