Lehman Brothers vs MemeCore

MemeCore (M) is 244347.0× the size of Lehman Brothers (LEH) by market capitalisation. Over the past 30 days, LEH is ahead by 7.5 percentage points (LEH -19.7% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.20 across 21 shared trading days). M has been the more volatile of the two, at 108% annualised against LEH's 56%.

Correlation: -0.20
Size ratio: 1 : 244347.0
Ahead over 30 days: LEH

Lehman BrothersLEH

$7.590e-6

24h: —
Market cap: $7,593
Volume 24h: —
Volatility (ann.): 56%

MemeCoreM

$0.808618

24h: -3.94%
Market cap: $1.86B
Volume 24h: $696,271
Volatility (ann.): 108%

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

Performance

LEHM

7 days-6.68%-19.79%LEH
30 days-19.74%-27.25%LEH

Correlation

-0.20over 21 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	LEH	M
Max drawdown (400d)	-29.2%	-41.1%
Risk-adjusted return (90d)	-0.35	-0.25

Relative strength over 90 days: M outperformed LEH by 3.7% — measured on the LEH/M ratio, so it holds regardless of market direction.

Lehman Brothers →MemeCore →