GOGGLES vs MemeCore

MemeCore (M) is 13172.0× the size of GOGGLES (GOGLZ) by market capitalisation. Over the past 30 days, GOGLZ is ahead by 36.6 percentage points (GOGLZ +9.4% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.04 across 22 shared trading days). GOGLZ has been the more volatile of the two, at 217% annualised against M's 108%.

Correlation: -0.04
Size ratio: 1 : 13172.0
Ahead over 30 days: GOGLZ

GOGGLESGOGLZ

$0.003712

24h: +0.28%
Market cap: $142,054
Volume 24h: $921
Volatility (ann.): 217%

MemeCoreM

$0.815514

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

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

Performance

GOGLZM

7 days-17.15%-19.79%GOGLZ
30 days+9.37%-27.25%GOGLZ

Correlation

-0.04over 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	GOGLZ	M
Max drawdown (400d)	-43.7%	-41.1%
Risk-adjusted return (90d)	0.04	-0.25

Relative strength over 90 days: M outperformed GOGLZ by 26.1% — measured on the GOGLZ/M ratio, so it holds regardless of market direction.

GOGGLES →MemeCore →