MemeCore (M) is 280547.2× the size of Kurt (KURT) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 26 shared trading days). KURT has been the more volatile of the two, at 155% annualised against M's 108%.
KURTM
0.20over 26 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 | KURT | M |
|---|---|---|
| Max drawdown (400d) | -88.0% | -41.1% |
| Risk-adjusted return (90d) | -0.43 | -0.25 |
Relative strength over 90 days: KURT outperformed M by 18.9% — measured on the KURT/M ratio, so it holds regardless of market direction.