Common Bird vs MemeCore

MemeCore (M) is 10179.6× the size of Common Bird (CBIRD) by market capitalisation. Over the past 30 days, CBIRD is ahead by 54.3 percentage points (CBIRD +27.0% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.03 across 27 shared trading days). Both have run at a similar volatility, around 106% annualised.

Correlation: -0.03
Size ratio: 1 : 10179.6
Ahead over 30 days: CBIRD

Common BirdCBIRD

$1.870e-6

24h: +4.54%
Market cap: $186,623
Volume 24h: $25
Volatility (ann.): 103%

MemeCoreM

$0.828068

24h: -3.44%
Market cap: $1.90B
Volume 24h: $1.63M
Volatility (ann.): 108%

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

Performance

CBIRDM

7 days+21.89%-19.79%CBIRD
30 days+27.04%-27.25%CBIRD

Correlation

-0.03over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	CBIRD	M
Max drawdown (400d)	-12.7%	-41.1%
Risk-adjusted return (90d)	0.33	-0.25

Relative strength over 90 days: CBIRD outperformed M by 71.4% — measured on the CBIRD/M ratio, so it holds regardless of market direction.

Common Bird →MemeCore →