JobIess vs MemeCore

MemeCore (M) is 46251.0× the size of JobIess (JOBIESS) by market capitalisation. Over the past 30 days, M is ahead by 12.3 percentage points (JOBIESS -39.6% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.01 across 27 shared trading days). Both have run at a similar volatility, around 109% annualised.

Correlation: -0.01
Size ratio: 1 : 46251.0
Ahead over 30 days: M

JobIessJOBIESS

$4.047e-5

24h: +3.41%
Market cap: $40,470
Volume 24h: $2,017
Volatility (ann.): 110%

MemeCoreM

$0.815789

24h: -3.28%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

JOBIESSM

7 days-9.35%-19.79%JOBIESS
30 days-39.58%-27.25%M

Correlation

-0.01over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	JOBIESS	M
Max drawdown (400d)	-43.0%	-41.1%
Risk-adjusted return (90d)	-0.37	-0.25

Relative strength over 90 days: M outperformed JOBIESS by 24.6% — measured on the JOBIESS/M ratio, so it holds regardless of market direction.

JobIess →MemeCore →