MAGIC•INTERNET•MONEY (Bitcoin) vs MemeCore

MemeCore (M) is 173.4× the size of MAGIC•INTERNET•MONEY (Bitcoin) (MIM) by market capitalisation. Over the past 30 days, MIM is ahead by 19.8 percentage points (MIM -7.3% against M -27.1%). Their daily returns move barely together (correlation 0.15 across 32 shared trading days). MIM has been the more volatile of the two, at 154% annualised against M's 108%.

Correlation: 0.15
Size ratio: 1 : 173.4
Ahead over 30 days: MIM

MAGIC•INTERNET•MONEY (Bitcoin)MIM

$0.000530

24h: -1.62%
Market cap: $11.13M
Volume 24h: $4,451
Volatility (ann.): 154%

MemeCoreM

$0.841773

24h: -2.12%
Market cap: $1.93B
Volume 24h: $630,910
Volatility (ann.): 108%

MIM 0.6%Share of the two combined market caps99.4% M

Performance

MIMM

7 days-14.05%-19.48%MIM
30 days-7.32%-27.12%MIM

Correlation

0.15over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	MIM	M
Max drawdown (400d)	-29.8%	-41.1%
Risk-adjusted return (90d)	0.00	-0.23

Relative strength over 90 days: MIM outperformed M by 26.3% — measured on the MIM/M ratio, so it holds regardless of market direction.

MAGIC•INTERNET•MONEY (Bitcoin) →MemeCore →