Luffy vs MemeCore

MemeCore (M) is 9923.3× the size of Luffy (LUFFY) by market capitalisation. Over the past 30 days, M is ahead by 17.9 percentage points (LUFFY -45.0% against M -27.1%). Their daily returns move loosely in opposite directions (correlation -0.45 across 23 shared trading days). LUFFY has been the more volatile of the two, at 132% annualised against M's 108%.

Correlation: -0.45
Size ratio: 1 : 9923.3
Ahead over 30 days: M

LuffyLUFFY

$3.770e-6

24h: —
Market cap: $194,476
Volume 24h: $87
Volatility (ann.): 132%

MemeCoreM

$0.841282

24h: -1.92%
Market cap: $1.93B
Volume 24h: $627,939
Volatility (ann.): 108%

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

Performance

LUFFYM

7 days-4.43%-19.48%LUFFY
30 days-45.01%-27.12%M

Correlation

-0.45over 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	LUFFY	M
Max drawdown (400d)	-45.8%	-41.1%
Risk-adjusted return (90d)	-0.34	-0.23

Relative strength over 90 days: M outperformed LUFFY by 11.0% — measured on the LUFFY/M ratio, so it holds regardless of market direction.

Luffy →MemeCore →