Let that sink in vs MemeCore

MemeCore (M) is 62950.7× the size of Let that sink in (SINK) by market capitalisation. Their daily returns move loosely together (correlation 0.47 across 28 shared trading days). Both have run at a similar volatility, around 112% annualised.

Correlation: 0.47
Size ratio: 1 : 62950.7

Let that sink inSINK

$3.738e-5

24h: +13.51%
Market cap: $29,884
Volume 24h: $842
Volatility (ann.): 117%

MemeCoreM

$0.819888

24h: -1.52%
Market cap: $1.88B
Volume 24h: $1.99M
Volatility (ann.): 107%

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

Performance

SINKM

7 days-12.16%-20.13%SINK
30 days-16.15%-25.32%SINK
90 days+11.39%——

Correlation

0.47over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 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	SINK	M
Max drawdown (400d)	-43.6%	-41.1%
Risk-adjusted return (90d)	0.10	-0.27

Relative strength over 90 days: SINK outperformed M by 70.0% — measured on the SINK/M ratio, so it holds regardless of market direction.

Let that sink in →MemeCore →