HYDAO vs MemeCore

MemeCore (M) is 14887.1× the size of HYDAO (HYDAO) by market capitalisation. Over the past 30 days, M is ahead by 13.8 percentage points (HYDAO -41.1% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.11 across 24 shared trading days). HYDAO has been the more volatile of the two, at 348% annualised against M's 108%.

Correlation: -0.11
Size ratio: 1 : 14887.1
Ahead over 30 days: M

HYDAOHYDAO

$0.000124

24h: -5.71%
Market cap: $124,390
Volume 24h: $1,742
Volatility (ann.): 348%

MemeCoreM

$0.807109

24h: -4.52%
Market cap: $1.85B
Volume 24h: $698,664
Volatility (ann.): 108%

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

Performance

HYDAOM

7 days-11.84%-19.79%HYDAO
30 days-41.10%-27.25%M

Correlation

-0.11over 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	HYDAO	M
Max drawdown (400d)	-63.4%	-41.1%
Risk-adjusted return (90d)	0.05	-0.25

Relative strength over 90 days: M outperformed HYDAO by 16.5% — measured on the HYDAO/M ratio, so it holds regardless of market direction.

HYDAO →MemeCore →