Render (RENDER) is 206560.2× the size of Memeputer (MEMEPUTER) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 34 shared trading days). MEMEPUTER has been the more volatile of the two, at 372% annualised against RENDER's 95%.
MEMEPUTERRENDER
0.03over 34 shared trading days
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.
| Metric | MEMEPUTER | RENDER |
|---|---|---|
| Max drawdown (400d) | -66.8% | -66.5% |
| Risk-adjusted return (90d) | 0.22 | 0.19 |
| Best 30 days (past year) | — | +82.4% |
| Worst 30 days (past year) | — | -49.7% |
Relative strength over 90 days: MEMEPUTER outperformed RENDER by 132.6% — measured on the MEMEPUTER/RENDER ratio, so it holds regardless of market direction.