Fish N Chips vs MemeCore

MemeCore (M) is 4568.5× the size of Fish N Chips (CHIPPY) by market capitalisation. Over the past 30 days, CHIPPY is ahead by 8.0 percentage points (CHIPPY -19.1% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.14 across 23 shared trading days). Both have run at a similar volatility, around 110% annualised.

Correlation: -0.14
Size ratio: 1 : 4568.5
Ahead over 30 days: CHIPPY

Fish N ChipsCHIPPY

$0.000426

24h: -0.38%
Market cap: $426,438
Volume 24h: $155
Volatility (ann.): 112%

MemeCoreM

$0.849259

24h: +0.56%
Market cap: $1.95B
Volume 24h: $616,156
Volatility (ann.): 108%

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

Performance

CHIPPYM

7 days-14.06%-19.48%CHIPPY
30 days-19.11%-27.12%CHIPPY

Correlation

-0.14over 23 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	CHIPPY	M
Max drawdown (400d)	-24.8%	-41.1%
Risk-adjusted return (90d)	-0.14	-0.23

Relative strength over 90 days: M outperformed CHIPPY by 7.3% — measured on the CHIPPY/M ratio, so it holds regardless of market direction.

Fish N Chips →MemeCore →