Chengpang Zhoa vs MemeCore

MemeCore (M) is 70546.2× the size of Chengpang Zhoa (ZHOA) by market capitalisation. Over the past 30 days, ZHOA is ahead by 14.0 percentage points (ZHOA -11.3% against M -25.3%). Their daily returns move barely together (correlation 0.17 across 24 shared trading days). M has been the more volatile of the two, at 107% annualised against ZHOA's 52%.

Correlation: 0.17
Size ratio: 1 : 70546.2
Ahead over 30 days: ZHOA

Chengpang ZhoaZHOA

$2.744e-5

24h: -4.45%
Market cap: $27,436
Volume 24h: $1
Volatility (ann.): 52%

MemeCoreM

$0.843513

24h: +1.15%
Market cap: $1.94B
Volume 24h: $1.09M
Volatility (ann.): 107%

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

Performance

ZHOAM

7 days-5.09%-20.13%ZHOA
30 days-11.32%-25.32%ZHOA

Correlation

0.17over 24 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	ZHOA	M
Max drawdown (400d)	-19.3%	-41.1%
Risk-adjusted return (90d)	-0.32	-0.27

Relative strength over 90 days: ZHOA outperformed M by 4.6% — measured on the ZHOA/M ratio, so it holds regardless of market direction.

Chengpang Zhoa →MemeCore →