BOOK OF MEME (BOME) is 1646.1× the size of forg (FORG) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 36 shared trading days). FORG has been the more volatile of the two, at 203% annualised against BOME's 121%.
FORGBOME
0.07over 36 shared trading days
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.
| Metric | FORG | BOME |
|---|---|---|
| Max drawdown (400d) | -52.8% | -79.5% |
| Risk-adjusted return (90d) | -0.13 | 0.02 |
| Best 30 days (past year) | — | +186.8% |
| Worst 30 days (past year) | — | -52.9% |
Relative strength over 90 days: FORG outperformed BOME by 15.3% — measured on the FORG/BOME ratio, so it holds regardless of market direction.