Elon Coin vs MemeCore

MemeCore (M) is 22082.4× the size of Elon Coin (ELON) by market capitalisation. Over the past 30 days, M is ahead by 70.3 percentage points (ELON -97.6% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.10 across 24 shared trading days). ELON has been the more volatile of the two, at 45582% annualised against M's 108%.

Correlation: -0.10
Size ratio: 1 : 22082.4
Ahead over 30 days: M

Elon CoinELON

$8.424e-5

24h: +3.87%
Market cap: $84,015
Volume 24h: $24,934
Volatility (ann.): 45582%

MemeCoreM

$0.808618

24h: -3.94%
Market cap: $1.86B
Volume 24h: $696,271
Volatility (ann.): 108%

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

Performance

ELONM

7 days-97.28%-19.79%M
30 days-97.59%-27.25%M

Correlation

-0.10over 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	ELON	M
Max drawdown (400d)	-99.8%	-41.1%
Risk-adjusted return (90d)	0.00	-0.25

Relative strength over 90 days: M outperformed ELON by 97.2% — measured on the ELON/M ratio, so it holds regardless of market direction.

Elon Coin →MemeCore →