Could Be The Move vs MemeCore

MemeCore (M) is 451712.0× the size of Could Be The Move (CBTM) by market capitalisation. Over the past 30 days, CBTM is ahead by 10.8 percentage points (CBTM -16.5% against M -27.3%). Their daily returns move barely together (correlation 0.10 across 21 shared trading days). M has been the more volatile of the two, at 108% annualised against CBTM's 35%.

Correlation: 0.10
Size ratio: 1 : 451712.0
Ahead over 30 days: CBTM

Could Be The MoveCBTM

$4.280e-6

24h: +3.75%
Market cap: $4,278
Volume 24h: $60
Volatility (ann.): 35%

MemeCoreM

$0.842197

24h: +1.63%
Market cap: $1.93B
Volume 24h: $725,157
Volatility (ann.): 108%

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

Performance

CBTMM

7 days-5.94%-19.79%CBTM
30 days-16.50%-27.25%CBTM

Correlation

0.10over 21 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	CBTM	M
Max drawdown (400d)	-20.1%	-41.1%
Risk-adjusted return (90d)	-0.47	-0.25

Relative strength over 90 days: M outperformed CBTM by 1.2% — measured on the CBTM/M ratio, so it holds regardless of market direction.

Could Be The Move →MemeCore →