Hana vs MemeCore

MemeCore (M) is 30986.2× the size of Hana (HANA) by market capitalisation. Over the past 30 days, HANA is ahead by 3.0 percentage points (HANA -24.2% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.12 across 20 shared trading days). M has been the more volatile of the two, at 108% annualised against HANA's 40%.

Correlation: -0.12
Size ratio: 1 : 30986.2
Ahead over 30 days: HANA

HanaHANA

$6.770e-6

24h: —
Market cap: $60,386
Volume 24h: —
Volatility (ann.): 40%

MemeCoreM

$0.815514

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

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

Performance

HANAM

7 days-6.08%-19.79%HANA
30 days-24.22%-27.25%HANA

Correlation

-0.12over 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	HANA	M
Max drawdown (400d)	-24.2%	-41.1%
Risk-adjusted return (90d)	-0.60	-0.25

Relative strength over 90 days: M outperformed HANA by 16.8% — measured on the HANA/M ratio, so it holds regardless of market direction.

Hana →MemeCore →