ClipX vs MemeCore

MemeCore (M) is 2852.8× the size of ClipX (CLIPX) by market capitalisation. Over the past 30 days, CLIPX is ahead by 4.9 percentage points (CLIPX -22.2% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.15 across 28 shared trading days). CLIPX has been the more volatile of the two, at 619% annualised against M's 108%.

Correlation: -0.15
Size ratio: 1 : 2852.8
Ahead over 30 days: CLIPX

ClipXCLIPX

$0.000676

24h: +9.94%
Market cap: $676,486
Volume 24h: $61,513
Volatility (ann.): 619%

MemeCoreM

$0.841282

24h: -1.92%
Market cap: $1.93B
Volume 24h: $627,939
Volatility (ann.): 108%

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

Performance

CLIPXM

7 days-9.16%-19.48%CLIPX
30 days-22.19%-27.12%CLIPX

Correlation

-0.15over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	CLIPX	M
Max drawdown (400d)	-68.5%	-41.1%
Risk-adjusted return (90d)	0.00	-0.23

Relative strength over 90 days: CLIPX outperformed M by 25.2% — measured on the CLIPX/M ratio, so it holds regardless of market direction.

ClipX →MemeCore →