emonad vs MemeCore

MemeCore (M) is 3962.4× the size of emonad (EMO) by market capitalisation. Over the past 30 days, M is ahead by 25.5 percentage points (EMO -52.6% against M -27.1%). Their daily returns move barely together (correlation 0.25 across 28 shared trading days). EMO has been the more volatile of the two, at 399% annualised against M's 108%.

Correlation: 0.25
Size ratio: 1 : 3962.4
Ahead over 30 days: M

emonadEMO

$0.000491

24h: -0.11%
Market cap: $491,431
Volume 24h: $946
Volatility (ann.): 399%

MemeCoreM

$0.848861

24h: -1.14%
Market cap: $1.95B
Volume 24h: $1.84M
Volatility (ann.): 108%

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

Performance

EMOM

7 days-18.35%-19.48%EMO
30 days-52.58%-27.12%M

Correlation

0.25over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	EMO	M
Max drawdown (400d)	-64.2%	-41.1%
Risk-adjusted return (90d)	0.06	-0.23

Relative strength over 90 days: EMO outperformed M by 58.7% — measured on the EMO/M ratio, so it holds regardless of market direction.

emonad →MemeCore →