Hive Token vs MemeCore

MemeCore (M) is 14552.7× the size of Hive Token (HIVE) by market capitalisation. Over the past 30 days, HIVE is ahead by 15.2 percentage points (HIVE -12.0% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.23 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against HIVE's 39%.

Correlation: -0.23
Size ratio: 1 : 14552.7
Ahead over 30 days: HIVE

Hive TokenHIVE

$0.001426

24h: +3.67%
Market cap: $127,248
Volume 24h: $45
Volatility (ann.): 39%

MemeCoreM

$0.807102

24h: -4.78%
Market cap: $1.85B
Volume 24h: $1.48M
Volatility (ann.): 108%

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

Performance

HIVEM

7 days-4.24%-19.79%HIVE
30 days-12.04%-27.25%HIVE

Correlation

-0.23over 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	HIVE	M
Max drawdown (400d)	-15.0%	-41.1%
Risk-adjusted return (90d)	-0.25	-0.25

Relative strength over 90 days: HIVE outperformed M by 1.6% — measured on the HIVE/M ratio, so it holds regardless of market direction.

Hive Token →MemeCore →