MEME HORSE vs 牛来 (Niu Lai)

牛来 (Niu Lai) (牛来) is 1.6× the size of MEME HORSE (MHORSE) by market capitalisation. Over the past 30 days, 牛来 is ahead by 7.4 percentage points (MHORSE -32.7% against 牛来 -25.3%). Their daily returns move barely together (correlation 0.17 across 34 shared trading days). 牛来 has been the more volatile of the two, at 196% annualised against MHORSE's 111%.

Correlation: 0.17
Size ratio: 1 : 1.6
Ahead over 30 days: 牛来

MEME HORSEMHORSE

$0.040728

24h: +20.83%
Market cap: $40.73M
Volume 24h: $1.37M
Volatility (ann.): 111%

牛来 (Niu Lai)牛来

$0.063850

24h: +4.90%
Market cap: $63.35M
Volume 24h: $10.79M
Volatility (ann.): 196%

MHORSE 39.1%Share of the two combined market caps60.9% 牛来

Performance

MHORSE牛来

7 days+20.86%+4.93%MHORSE
30 days-32.73%-25.29%牛来

Correlation

0.17over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	MHORSE	牛来
Max drawdown (400d)	-44.4%	-60.2%
Risk-adjusted return (90d)	-0.29	-0.11

Relative strength over 90 days: 牛来 outperformed MHORSE by 14.1% — measured on the MHORSE/牛来 ratio, so it holds regardless of market direction.

MEME HORSE →牛来 (Niu Lai) →