Icy vs MemeCore

MemeCore (M) is 1602.5× the size of Icy (IC) by market capitalisation. Over the past 30 days, IC is ahead by 8.0 percentage points (IC -19.2% against M -27.3%). Their daily returns move barely together (correlation 0.28 across 29 shared trading days). IC has been the more volatile of the two, at 204% annualised against M's 108%.

Correlation: 0.28
Size ratio: 1 : 1602.5
Ahead over 30 days: IC

IcyIC

$1.185e-5

24h: +22.86%
Market cap: $1.19M
Volume 24h: $40,937
Volatility (ann.): 204%

MemeCoreM

$0.828068

24h: -3.44%
Market cap: $1.90B
Volume 24h: $1.63M
Volatility (ann.): 108%

IC 0.1%Share of the two combined market caps99.9% M

Performance

ICM

7 days+10.91%-19.79%IC
30 days-19.25%-27.25%IC

Correlation

0.28over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	IC	M
Max drawdown (400d)	-46.8%	-41.1%
Risk-adjusted return (90d)	0.01	-0.25

Relative strength over 90 days: IC outperformed M by 33.4% — measured on the IC/M ratio, so it holds regardless of market direction.

Icy →MemeCore →