Magpie vs MemeCore

MemeCore (M) is 2353.0× the size of Magpie (MGP) by market capitalisation. Over the past 30 days, MGP is ahead by 5.2 percentage points (MGP -21.9% against M -27.1%). Their daily returns move barely together (correlation 0.20 across 28 shared trading days). Both have run at a similar volatility, around 107% annualised.

Correlation: 0.20
Size ratio: 1 : 2353.0
Ahead over 30 days: MGP

MagpieMGP

$0.001439

24h: -0.71%
Market cap: $827,567
Volume 24h: $263
Volatility (ann.): 106%

MemeCoreM

$0.848861

24h: -1.14%
Market cap: $1.95B
Volume 24h: $1.84M
Volatility (ann.): 108%

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

Performance

MGPM

7 days-5.53%-19.48%MGP
30 days-21.91%-27.12%MGP

Correlation

0.20over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	MGP	M
Max drawdown (400d)	-32.2%	-41.1%
Risk-adjusted return (90d)	-0.20	-0.23

Relative strength over 90 days: M outperformed MGP by 0.4% — measured on the MGP/M ratio, so it holds regardless of market direction.

Magpie →MemeCore →