Elmo vs MemeCore

MemeCore (M) is 7875.9× the size of Elmo (ELMO) by market capitalisation. Over the past 30 days, ELMO is ahead by 7.2 percentage points (ELMO -20.0% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.23 across 24 shared trading days). ELMO has been the more volatile of the two, at 163% annualised against M's 108%.

Correlation: -0.23
Size ratio: 1 : 7875.9
Ahead over 30 days: ELMO

ElmoELMO

$0.000836

24h: —
Market cap: $237,576
Volume 24h: $85
Volatility (ann.): 163%

MemeCoreM

$0.815514

24h: -3.26%
Market cap: $1.87B
Volume 24h: $1.65M
Volatility (ann.): 108%

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

Performance

ELMOM

7 days-2.44%-19.79%ELMO
30 days-20.03%-27.25%ELMO

Correlation

-0.23over 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	ELMO	M
Max drawdown (400d)	-34.0%	-41.1%
Risk-adjusted return (90d)	-0.09	-0.25

Relative strength over 90 days: ELMO outperformed M by 14.0% — measured on the ELMO/M ratio, so it holds regardless of market direction.

Elmo →MemeCore →