Krak Mask vs MemeCore

MemeCore (M) is 6543.2× the size of Krak Mask (KRAKMASK) by market capitalisation. Over the past 30 days, KRAKMASK is ahead by 2.9 percentage points (KRAKMASK -24.2% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.04 across 23 shared trading days). KRAKMASK has been the more volatile of the two, at 222% annualised against M's 108%.

Correlation: -0.04
Size ratio: 1 : 6543.2
Ahead over 30 days: KRAKMASK

Krak MaskKRAKMASK

$0.000323

24h: -0.06%
Market cap: $295,003
Volume 24h: $1,223
Volatility (ann.): 222%

MemeCoreM

$0.841470

24h: -1.15%
Market cap: $1.93B
Volume 24h: $515,323
Volatility (ann.): 108%

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

Performance

KRAKMASKM

7 days-6.34%-19.48%KRAKMASK
30 days-24.19%-27.12%KRAKMASK

Correlation

-0.04over 23 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	KRAKMASK	M
Max drawdown (400d)	-49.7%	-41.1%
Risk-adjusted return (90d)	-0.16	-0.23

Relative strength over 90 days: M outperformed KRAKMASK by 35.2% — measured on the KRAKMASK/M ratio, so it holds regardless of market direction.

Krak Mask →MemeCore →