Crypto winter vs MEME HORSE

MEME HORSE (MHORSE) is 1006.1× the size of Crypto winter (CRYPTO WINTER) by market capitalisation. Over the past 30 days, CRYPTO WINTER is ahead by 61.9 percentage points (CRYPTO WINTER +29.1% against MHORSE -32.8%). Their daily returns move barely in opposite directions (correlation -0.34 across 22 shared trading days). Both have run at a similar volatility, around 108% annualised.

Correlation: -0.34
Size ratio: 1 : 1006.1
Ahead over 30 days: CRYPTO WINTER

Crypto winterCRYPTO WINTER

$4.047e-5

24h: +3.38%
Market cap: $40,466
Volume 24h: $67
Volatility (ann.): 107%

MEME HORSEMHORSE

$0.040714

24h: -0.05%
Market cap: $40.71M
Volume 24h: $1.07M
Volatility (ann.): 109%

CRYPTO WINTER 0.1%Share of the two combined market caps99.9% MHORSE

Performance

CRYPTO WINTERMHORSE

7 days+24.81%+20.86%CRYPTO WINTER
30 days+29.12%-32.78%CRYPTO WINTER

Correlation

-0.34over 22 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	CRYPTO WINTER	MHORSE
Max drawdown (400d)	-13.1%	-44.4%
Risk-adjusted return (90d)	0.29	-0.30

Relative strength over 90 days: CRYPTO WINTER outperformed MHORSE by 64.4% — measured on the CRYPTO WINTER/MHORSE ratio, so it holds regardless of market direction.

Crypto winter →MEME HORSE →