Gold vs MemeCore

MemeCore (M) is 34651.7× the size of Gold (GOLD) by market capitalisation. Over the past 30 days, GOLD is ahead by 14.0 percentage points (GOLD -13.2% against M -27.3%). Their daily returns move barely together (correlation 0.06 across 20 shared trading days). M has been the more volatile of the two, at 108% annualised against GOLD's 51%.

Correlation: 0.06
Size ratio: 1 : 34651.7
Ahead over 30 days: GOLD

GoldGOLD

$0.003287

24h: —
Market cap: $54,017
Volume 24h: $2
Volatility (ann.): 51%

MemeCoreM

$0.815789

24h: -3.28%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

GOLDM

7 days+0.31%-19.79%GOLD
30 days-13.20%-27.25%GOLD

Correlation

0.06over 20 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	GOLD	M
Max drawdown (400d)	-23.5%	-41.1%
Risk-adjusted return (90d)	-0.26	-0.25

Relative strength over 90 days: M outperformed GOLD by 3.0% — measured on the GOLD/M ratio, so it holds regardless of market direction.

Gold →MemeCore →