Hempy vs MemeCore

MemeCore (M) is 47375.6× the size of Hempy (HEMPY) by market capitalisation. Over the past 30 days, HEMPY is ahead by 3.1 percentage points (HEMPY -24.2% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.19 across 23 shared trading days). M has been the more volatile of the two, at 108% annualised against HEMPY's 71%.

Correlation: -0.19
Size ratio: 1 : 47375.6
Ahead over 30 days: HEMPY

HempyHEMPY

$6.905e-5

24h: +4.53%
Market cap: $39,705
Volume 24h: $415
Volatility (ann.): 71%

MemeCoreM

$0.819829

24h: -0.78%
Market cap: $1.88B
Volume 24h: $1.69M
Volatility (ann.): 108%

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

Performance

HEMPYM

7 days-1.25%-19.79%HEMPY
30 days-24.15%-27.25%HEMPY

Correlation

-0.19over 23 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	HEMPY	M
Max drawdown (400d)	-29.8%	-41.1%
Risk-adjusted return (90d)	-0.33	-0.25

Relative strength over 90 days: M outperformed HEMPY by 11.6% — measured on the HEMPY/M ratio, so it holds regardless of market direction.

Hempy →MemeCore →