Joss Money vs MEME HORSE

MEME HORSE (MHORSE) is 92.5× the size of Joss Money (JMONEY) by market capitalisation. Over the past 30 days, MHORSE is ahead by 9.8 percentage points (JMONEY -42.6% against MHORSE -32.7%). Their daily returns move barely together (correlation 0.02 across 31 shared trading days). JMONEY has been the more volatile of the two, at 1553654% annualised against MHORSE's 111%.

Correlation: 0.02
Size ratio: 1 : 92.5
Ahead over 30 days: MHORSE

Joss MoneyJMONEY

$0.000441

24h: +0.12%
Market cap: $440,287
Volume 24h: $286
Volatility (ann.): 1553654%

MEME HORSEMHORSE

$0.040718

24h: +20.85%
Market cap: $40.72M
Volume 24h: $1.17M
Volatility (ann.): 111%

JMONEY 1.1%Share of the two combined market caps98.9% MHORSE

Performance

JMONEYMHORSE

7 days-10.73%+20.86%MHORSE
30 days-42.56%-32.73%MHORSE

Correlation

0.02over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 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	JMONEY	MHORSE
Max drawdown (400d)	-100.0%	-44.4%
Risk-adjusted return (90d)	0.00	-0.29

Relative strength over 90 days: MHORSE outperformed JMONEY by 18.3% — measured on the JMONEY/MHORSE ratio, so it holds regardless of market direction.

Joss Money →MEME HORSE →