ME GUSTA vs MemeCore

MemeCore (M) is 45295.9× the size of ME GUSTA (MEGUSTA) by market capitalisation. Over the past 30 days, M is ahead by 13.7 percentage points (MEGUSTA -39.0% against M -25.3%). Their daily returns move barely in opposite directions (correlation -0.22 across 20 shared trading days). M has been the more volatile of the two, at 107% annualised against MEGUSTA's 63%.

Correlation: -0.22
Size ratio: 1 : 45295.9
Ahead over 30 days: M

ME GUSTAMEGUSTA

$4.209e-5

24h: -0.01%
Market cap: $41,987
Volume 24h: $146
Volatility (ann.): 63%

MemeCoreM

$0.828819

24h: -0.52%
Market cap: $1.90B
Volume 24h: $2.10M
Volatility (ann.): 107%

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

Performance

MEGUSTAM

7 days-9.15%-20.13%MEGUSTA
30 days-39.00%-25.32%M

Correlation

-0.22over 20 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	MEGUSTA	M
Max drawdown (400d)	-39.0%	-41.1%
Risk-adjusted return (90d)	-0.62	-0.27

Relative strength over 90 days: M outperformed MEGUSTA by 18.7% — measured on the MEGUSTA/M ratio, so it holds regardless of market direction.

ME GUSTA →MemeCore →