DROP vs MemeCore

MemeCore (M) is 681.7× the size of DROP (DROP) by market capitalisation. Over the past 30 days, DROP is ahead by 73.5 percentage points (DROP +46.4% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.15 across 24 shared trading days). DROP has been the more volatile of the two, at 494683940% annualised against M's 108%.

Correlation: -0.15
Size ratio: 1 : 681.7
Ahead over 30 days: DROP

DROPDROP

$2.8200

24h: +2.52%
Market cap: $2.79M
Volume 24h: $33,310
Volatility (ann.): 494683940%

MemeCoreM

$0.828158

24h: -4.25%
Market cap: $1.90B
Volume 24h: $1.85M
Volatility (ann.): 108%

DROP 0.1%Share of the two combined market caps99.9% M

Performance

DROPM

7 days+5.88%-19.48%DROP
30 days+46.41%-27.12%DROP

Correlation

-0.15over 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	DROP	M
Max drawdown (400d)	-100.0%	-41.1%
Risk-adjusted return (90d)	0.00	-0.23

Relative strength over 90 days: DROP outperformed M by 41.6% — measured on the DROP/M ratio, so it holds regardless of market direction.

DROP →MemeCore →