FREEdom coin vs MemeCore

MemeCore (M) is 10724.6× the size of FREEdom coin (FREE) by market capitalisation. Over the past 30 days, FREE is ahead by 26.0 percentage points (FREE -1.2% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.15 across 24 shared trading days). FREE has been the more volatile of the two, at 139% annualised against M's 108%.

Correlation: -0.15
Size ratio: 1 : 10724.6
Ahead over 30 days: FREE

FREEdom coinFREE

$2.182e-8

24h: +13.73%
Market cap: $174,531
Volume 24h: $4,627
Volatility (ann.): 139%

MemeCoreM

$0.815789

24h: -3.28%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

FREEM

7 days+19.63%-19.79%FREE
30 days-1.23%-27.25%FREE

Correlation

-0.15over 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	FREE	M
Max drawdown (400d)	-36.4%	-41.1%
Risk-adjusted return (90d)	-0.04	-0.25

Relative strength over 90 days: FREE outperformed M by 1.7% — measured on the FREE/M ratio, so it holds regardless of market direction.

FREEdom coin →MemeCore →