memestock vs MemeCore

MemeCore (M) is 1991.0× the size of memestock (MEMESTOCK) by market capitalisation. Over the past 30 days, MEMESTOCK is ahead by 10.2 percentage points (MEMESTOCK -16.9% against M -27.1%). Their daily returns move loosely in opposite directions (correlation -0.36 across 21 shared trading days). MEMESTOCK has been the more volatile of the two, at 773% annualised against M's 108%.

Correlation: -0.36
Size ratio: 1 : 1991.0
Ahead over 30 days: MEMESTOCK

memestockMEMESTOCK

$0.000988

24h: -10.10%
Market cap: $987,559
Volume 24h: $23,087
Volatility (ann.): 773%

MemeCoreM

$0.857124

24h: +2.85%
Market cap: $1.97B
Volume 24h: $1.68M
Volatility (ann.): 108%

MEMESTOCK 0.1%Share of the two combined market caps99.9% M

Performance

MEMESTOCKM

7 days+27.92%-19.48%MEMESTOCK
30 days-16.93%-27.12%MEMESTOCK

Correlation

-0.36over 21 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	MEMESTOCK	M
Max drawdown (400d)	-88.3%	-41.1%
Risk-adjusted return (90d)	-0.02	-0.23

Relative strength over 90 days: M outperformed MEMESTOCK by 22.6% — measured on the MEMESTOCK/M ratio, so it holds regardless of market direction.

memestock →MemeCore →