GAL (migrated to Gravity - G) (GAL) is 185675686.1× the size of Memory (MEM) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 20 shared trading days). MEM has been the more volatile of the two, at 6845% annualised against GAL's 426%.
MEMGAL
0.19over 20 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 | MEM | GAL |
|---|---|---|
| Max drawdown (400d) | -99.8% | -64.9% |
| Risk-adjusted return (90d) | -0.01 | -0.05 |
Relative strength over 90 days: GAL outperformed MEM by 96.1% — measured on the MEM/GAL ratio, so it holds regardless of market direction.