Mango Network vs MemeCore

MemeCore (M) is 233.8× the size of Mango Network (MGO) by market capitalisation. Over the past 30 days, MGO is ahead by 13.6 percentage points (MGO -13.5% against M -27.1%). Their daily returns move barely together (correlation 0.24 across 32 shared trading days). M has been the more volatile of the two, at 108% annualised against MGO's 38%.

Correlation: 0.24
Size ratio: 1 : 233.8
Ahead over 30 days: MGO

Mango NetworkMGO

$0.005192

24h: -0.19%
Market cap: $8.25M
Volume 24h: $426,305
Volatility (ann.): 38%

MemeCoreM

$0.841462

24h: -0.87%
Market cap: $1.93B
Volume 24h: $643,425
Volatility (ann.): 108%

MGO 0.4%Share of the two combined market caps99.6% M

Performance

MGOM

7 days-7.53%-19.48%MGO
30 days-13.55%-27.12%MGO

Correlation

0.24over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 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	MGO	M
Max drawdown (400d)	-25.3%	-41.1%
Risk-adjusted return (90d)	-0.66	-0.23

Relative strength over 90 days: M outperformed MGO by 5.8% — measured on the MGO/M ratio, so it holds regardless of market direction.

Mango Network →MemeCore →