MANIFEST vs MemeCore

MemeCore (M) is 5378.5× the size of MANIFEST (MANIFEST) by market capitalisation. Over the past 30 days, M is ahead by 11.1 percentage points (MANIFEST -38.2% against M -27.1%). Their daily returns move barely together (correlation 0.18 across 28 shared trading days). MANIFEST has been the more volatile of the two, at 282% annualised against M's 108%.

Correlation: 0.18
Size ratio: 1 : 5378.5
Ahead over 30 days: M

MANIFESTMANIFEST

$0.000441

24h: +3.42%
Market cap: $358,720
Volume 24h: $222
Volatility (ann.): 282%

MemeCoreM

$0.841033

24h: -1.84%
Market cap: $1.93B
Volume 24h: $655,824
Volatility (ann.): 108%

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

Performance

MANIFESTM

7 days-13.77%-19.48%MANIFEST
30 days-38.23%-27.12%M

Correlation

0.18over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	MANIFEST	M
Max drawdown (400d)	-68.1%	-41.1%
Risk-adjusted return (90d)	-0.16	-0.23

Relative strength over 90 days: M outperformed MANIFEST by 30.6% — measured on the MANIFEST/M ratio, so it holds regardless of market direction.

MANIFEST →MemeCore →