Kobecoin vs MemeCore

MemeCore (M) is 5964.7× the size of Kobecoin (KOBX) by market capitalisation. Over the past 30 days, KOBX is ahead by 11.5 percentage points (KOBX -15.7% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.13 across 24 shared trading days). KOBX has been the more volatile of the two, at 133% annualised against M's 108%.

Correlation: -0.13
Size ratio: 1 : 5964.7
Ahead over 30 days: KOBX

KobecoinKOBX

$0.000323

24h: +2.41%
Market cap: $319,501
Volume 24h: $1,071
Volatility (ann.): 133%

MemeCoreM

$0.830662

24h: -1.86%
Market cap: $1.91B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

KOBXM

7 days+4.20%-19.79%KOBX
30 days-15.74%-27.25%KOBX

Correlation

-0.13over 24 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	KOBX	M
Max drawdown (400d)	-29.2%	-41.1%
Risk-adjusted return (90d)	-0.11	-0.25

Relative strength over 90 days: M outperformed KOBX by 3.0% — measured on the KOBX/M ratio, so it holds regardless of market direction.

Kobecoin →MemeCore →