Giggle Panda vs MemeCore

MemeCore (M) is 78223.8× the size of Giggle Panda (GIGL) by market capitalisation. Over the past 30 days, GIGL is ahead by 17.4 percentage points (GIGL -7.9% against M -25.3%). Their daily returns move barely together (correlation 0.25 across 22 shared trading days). M has been the more volatile of the two, at 107% annualised against GIGL's 47%.

Correlation: 0.25
Size ratio: 1 : 78223.8
Ahead over 30 days: GIGL

Giggle PandaGIGL

$2.415e-5

24h: —
Market cap: $24,146
Volume 24h: —
Volatility (ann.): 47%

MemeCoreM

$0.823166

24h: -1.96%
Market cap: $1.89B
Volume 24h: $2.02M
Volatility (ann.): 107%

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

Performance

GIGLM

7 days-7.77%-20.13%GIGL
30 days-7.91%-25.32%GIGL

Correlation

0.25over 22 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	GIGL	M
Max drawdown (400d)	-9.5%	-41.1%
Risk-adjusted return (90d)	-0.17	-0.27

Relative strength over 90 days: GIGL outperformed M by 4.3% — measured on the GIGL/M ratio, so it holds regardless of market direction.

Giggle Panda →MemeCore →