Meme Index vs Bitway

Meme Index (MEMEX) and Bitway (BTW) compared side by side. Over the past 30 days, BTW is ahead by 90.9 percentage points (MEMEX -17.5% against BTW +73.4%). Their daily returns move barely together (correlation 0.05 across 23 shared trading days). BTW has been the more volatile of the two, at 365% annualised against MEMEX's 87%.

Correlation: 0.05
Ahead over 30 days: BTW

Meme IndexMEMEX

$4.598e-5

24h: +1.16%
Market cap: —
Volume 24h: $20
Volatility (ann.): 87%

BitwayBTW

$1.0630

24h: +6.52%
Market cap: $1.60B
Volume 24h: $6.57M
Volatility (ann.): 365%

MEMEX 0.0%Share of the two combined market caps100.0% BTW

Performance

MEMEXBTW

7 days-2.12%-44.93%MEMEX
30 days-17.52%+73.36%BTW

Correlation

0.05over 23 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	MEMEX	BTW
Max drawdown (400d)	-26.5%	-60.7%
Risk-adjusted return (90d)	-0.11	0.43

Relative strength over 90 days: MEMEX outperformed BTW by 63.7% — measured on the MEMEX/BTW ratio, so it holds regardless of market direction.

Meme Index →Bitway →