GameSwift vs MemeCore

MemeCore (M) is 9142.9× the size of GameSwift (GSWIFT) by market capitalisation. Over the past 30 days, M is ahead by 8.0 percentage points (GSWIFT -35.3% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.24 across 23 shared trading days). GSWIFT has been the more volatile of the two, at 290% annualised against M's 108%.

Correlation: -0.24
Size ratio: 1 : 9142.9
Ahead over 30 days: M

GameSwiftGSWIFT

$0.000432

24h: +2.75%
Market cap: $203,744
Volume 24h: $140
Volatility (ann.): 290%

MemeCoreM

$0.811942

24h: -3.98%
Market cap: $1.86B
Volume 24h: $675,352
Volatility (ann.): 108%

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

Performance

GSWIFTM

7 days-3.47%-19.79%GSWIFT
30 days-35.25%-27.25%M

Correlation

-0.24over 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	GSWIFT	M
Max drawdown (400d)	-45.5%	-41.1%
Risk-adjusted return (90d)	-0.09	-0.25

Relative strength over 90 days: M outperformed GSWIFT by 19.3% — measured on the GSWIFT/M ratio, so it holds regardless of market direction.

GameSwift →MemeCore →