GOBI vs MemeCore

MemeCore (M) is 142170.0× the size of GOBI (GOBI) by market capitalisation. Over the past 30 days, GOBI is ahead by 8.4 percentage points (GOBI -18.9% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.14 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against GOBI's 40%.

Correlation: -0.14
Size ratio: 1 : 142170.0
Ahead over 30 days: GOBI

GOBIGOBI

$1.317e-5

24h: +3.95%
Market cap: $13,161
Volume 24h: $100
Volatility (ann.): 40%

MemeCoreM

$0.815514

24h: -3.26%
Market cap: $1.87B
Volume 24h: $1.65M
Volatility (ann.): 108%

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

Performance

GOBIM

7 days-6.91%-19.79%GOBI
30 days-18.87%-27.25%GOBI

Correlation

-0.14over 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	GOBI	M
Max drawdown (400d)	-22.8%	-41.1%
Risk-adjusted return (90d)	-0.47	-0.25

Relative strength over 90 days: M outperformed GOBI by 2.9% — measured on the GOBI/M ratio, so it holds regardless of market direction.

GOBI →MemeCore →