elon musk vs MemeCore

MemeCore (M) is 266101.7× the size of elon musk (MUSK) by market capitalisation. Over the past 30 days, MUSK is ahead by 93.6 percentage points (MUSK +66.3% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.03 across 21 shared trading days). MUSK has been the more volatile of the two, at 650688% annualised against M's 108%.

Correlation: -0.03
Size ratio: 1 : 266101.7
Ahead over 30 days: MUSK

elon muskMUSK

$6.960e-6

24h: +5.23%
Market cap: $6,959
Volume 24h: $2
Volatility (ann.): 650688%

MemeCoreM

$0.807102

24h: -4.78%
Market cap: $1.85B
Volume 24h: $1.48M
Volatility (ann.): 108%

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

Performance

MUSKM

7 days+4.98%-19.79%MUSK
30 days+66.30%-27.25%MUSK

Correlation

-0.03over 21 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	MUSK	M
Max drawdown (400d)	-100.0%	-41.1%
Risk-adjusted return (90d)	0.00	-0.25

Relative strength over 90 days: MUSK outperformed M by 102.7% — measured on the MUSK/M ratio, so it holds regardless of market direction.

elon musk →MemeCore →