Cheese Head vs MemeCore

MemeCore (M) is 151618.6× the size of Cheese Head (CHEESE) by market capitalisation. Over the past 30 days, CHEESE is ahead by 13.1 percentage points (CHEESE -14.1% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.06 across 23 shared trading days). M has been the more volatile of the two, at 108% annualised against CHEESE's 88%.

Correlation: -0.06
Size ratio: 1 : 151618.6
Ahead over 30 days: CHEESE

Cheese HeadCHEESE

$2.936e-8

24h: -1.40%
Market cap: $12,352
Volume 24h: $2
Volatility (ann.): 88%

MemeCoreM

$0.816270

24h: -2.99%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

CHEESEM

7 days-6.60%-19.79%CHEESE
30 days-14.11%-27.25%CHEESE

Correlation

-0.06over 23 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	CHEESE	M
Max drawdown (400d)	-20.6%	-41.1%
Risk-adjusted return (90d)	-0.09	-0.25

Relative strength over 90 days: M outperformed CHEESE by 2.9% — measured on the CHEESE/M ratio, so it holds regardless of market direction.

Cheese Head →MemeCore →