Memes Make It Possible vs MemeCore

MemeCore (M) is 54640.1× the size of Memes Make It Possible (MMIP) by market capitalisation. Over the past 30 days, MMIP is ahead by 7.4 percentage points (MMIP -19.9% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.26 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against MMIP's 64%.

Correlation: -0.26
Size ratio: 1 : 54640.1
Ahead over 30 days: MMIP

Memes Make It PossibleMMIP

$3.427e-5

24h: +4.05%
Market cap: $34,274
Volume 24h: $7
Volatility (ann.): 64%

MemeCoreM

$0.816270

24h: -2.99%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

MMIPM

7 days-9.32%-19.79%MMIP
30 days-19.90%-27.25%MMIP

Correlation

-0.26over 24 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	MMIP	M
Max drawdown (400d)	-24.1%	-41.1%
Risk-adjusted return (90d)	-0.24	-0.25

Relative strength over 90 days: M outperformed MMIP by 7.6% — measured on the MMIP/M ratio, so it holds regardless of market direction.

Memes Make It Possible →MemeCore →