Gelato vs MemeCore

MemeCore (M) is 5941.9× the size of Gelato (GEL) by market capitalisation. Over the past 30 days, M is ahead by 32.9 percentage points (GEL -60.0% against M -27.1%). Their daily returns move barely together (correlation 0.26 across 24 shared trading days). GEL has been the more volatile of the two, at 364% annualised against M's 108%.

Correlation: 0.26
Size ratio: 1 : 5941.9
Ahead over 30 days: M

GelatoGEL

$0.001145

24h: —
Market cap: $328,549
Volume 24h: $2
Volatility (ann.): 364%

MemeCoreM

$0.850936

24h: -1.26%
Market cap: $1.95B
Volume 24h: $2.02M
Volatility (ann.): 108%

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

Performance

GELM

7 days-60.40%-19.48%M
30 days-59.99%-27.12%M

Correlation

0.26over 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	GEL	M
Max drawdown (400d)	-80.7%	-41.1%
Risk-adjusted return (90d)	-0.17	-0.23

Relative strength over 90 days: M outperformed GEL by 50.7% — measured on the GEL/M ratio, so it holds regardless of market direction.

Gelato →MemeCore →