Datagram Network vs MemeCore

MemeCore (M) is 555674.4× the size of Datagram Network (DGRAM) by market capitalisation. Over the past 30 days, DGRAM is ahead by 34.5 percentage points (DGRAM +7.3% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.20 across 24 shared trading days). DGRAM has been the more volatile of the two, at 237% annualised against M's 108%.

Correlation: -0.20
Size ratio: 1 : 555674.4
Ahead over 30 days: DGRAM

Datagram NetworkDGRAM

$1.378e-5

24h: -3.64%
Market cap: $3,430
Volume 24h: $37
Volatility (ann.): 237%

MemeCoreM

$0.830662

24h: -1.86%
Market cap: $1.91B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

DGRAMM

7 days+0.51%-19.79%DGRAM
30 days+7.30%-27.25%DGRAM

Correlation

-0.20over 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	DGRAM	M
Max drawdown (400d)	-37.8%	-41.1%
Risk-adjusted return (90d)	-0.10	-0.25

Relative strength over 90 days: M outperformed DGRAM by 13.4% — measured on the DGRAM/M ratio, so it holds regardless of market direction.

Datagram Network →MemeCore →