MemeCore (M) is 69285.5× the size of KaboChan (KABO) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 30 shared trading days). KABO has been the more volatile of the two, at 294% annualised against M's 107%.
KABOM
0.43over 30 shared trading days
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.
| Metric | KABO | M |
|---|---|---|
| Max drawdown (400d) | -72.3% | -41.1% |
| Risk-adjusted return (90d) | -0.41 | -0.27 |
Relative strength over 90 days: KABO outperformed M by 25.2% — measured on the KABO/M ratio, so it holds regardless of market direction.