Fwog vs MemeCore

MemeCore (M) is 470.3× the size of Fwog (FWOG) by market capitalisation. Over the past 30 days, FWOG is ahead by 13.3 percentage points (FWOG -13.8% against M -27.1%). Their daily returns move loosely together (correlation 0.52 across 30 shared trading days). FWOG has been the more volatile of the two, at 192% annualised against M's 108%.

Correlation: 0.52
Size ratio: 1 : 470.3
Ahead over 30 days: FWOG

FwogFWOG

$0.004262

24h: +0.98%
Market cap: $4.16M
Volume 24h: $1.09M
Volatility (ann.): 192%

MemeCoreM

$0.852509

24h: +2.35%
Market cap: $1.96B
Volume 24h: $614,324
Volatility (ann.): 108%

FWOG 0.2%Share of the two combined market caps99.8% M

Performance

FWOGM

7 days-10.13%-19.48%FWOG
30 days-13.83%-27.12%FWOG

Correlation

0.52over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5290d: 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	FWOG	M
Max drawdown (400d)	-42.6%	-41.1%
Risk-adjusted return (90d)	-0.09	-0.23

Relative strength over 90 days: FWOG outperformed M by 5.0% — measured on the FWOG/M ratio, so it holds regardless of market direction.

Fwog →MemeCore →