JOOCE Memecoin Index vs Toshi

Toshi (TOSHI) is 202.2× the size of JOOCE Memecoin Index (JMX) by market capitalisation. Over the past 30 days, TOSHI is ahead by 12.3 percentage points (JMX -20.3% against TOSHI -8.0%). Their daily returns move barely together (correlation 0.26 across 20 shared trading days). TOSHI has been the more volatile of the two, at 82% annualised against JMX's 66%.

Correlation: 0.26
Size ratio: 1 : 202.2
Ahead over 30 days: TOSHI

JOOCE Memecoin IndexJMX

$0.121223

24h: —
Market cap: $217,221
Volume 24h: $2,754
Volatility (ann.): 66%

ToshiTOSHI

$0.000104

24h: +0.87%
Market cap: $43.92M
Volume 24h: $2.41M
Volatility (ann.): 82%

JMX 0.5%Share of the two combined market caps99.5% TOSHI

Performance

JMXTOSHI

7 days-4.89%-4.43%TOSHI
30 days-20.30%-8.00%TOSHI

Correlation

0.26over 20 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	JMX	TOSHI
Max drawdown (400d)	-24.5%	-24.2%
Risk-adjusted return (90d)	-0.28	-0.08

Relative strength over 90 days: TOSHI outperformed JMX by 0.1% — measured on the JMX/TOSHI ratio, so it holds regardless of market direction.

JOOCE Memecoin Index →Toshi →