Forky vs MemeCore

MemeCore (M) is 174532.8× the size of Forky (FORKY) by market capitalisation. Over the past 30 days, FORKY is ahead by 13.9 percentage points (FORKY -13.4% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.07 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against FORKY's 33%.

Correlation: -0.07
Size ratio: 1 : 174532.8
Ahead over 30 days: FORKY

ForkyFORKY

$1.061e-5

24h: +5.44%
Market cap: $10,610
Volume 24h: $10
Volatility (ann.): 33%

MemeCoreM

$0.807102

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

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

Performance

FORKYM

7 days-4.74%-19.79%FORKY
30 days-13.36%-27.25%FORKY

Correlation

-0.07over 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	FORKY	M
Max drawdown (400d)	-14.0%	-41.1%
Risk-adjusted return (90d)	-0.34	-0.25

Relative strength over 90 days: FORKY outperformed M by 0.9% — measured on the FORKY/M ratio, so it holds regardless of market direction.

Forky →MemeCore →