Merry Christmas vs MemeCore

MemeCore (M) is 331338.0× the size of Merry Christmas (MC) by market capitalisation. Over the past 30 days, M is ahead by 31.0 percentage points (MC -58.3% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.15 across 21 shared trading days). MC has been the more volatile of the two, at 125% annualised against M's 108%.

Correlation: -0.15
Size ratio: 1 : 331338.0
Ahead over 30 days: M

Merry ChristmasMC

$5.720e-6

24h: +4.12%
Market cap: $5,494
Volume 24h: $29
Volatility (ann.): 125%

MemeCoreM

$0.793384

24h: -6.25%
Market cap: $1.82B
Volume 24h: $723,643
Volatility (ann.): 108%

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

Performance

MCM

7 days-22.75%-19.79%M
30 days-58.29%-27.25%M

Correlation

-0.15over 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	MC	M
Max drawdown (400d)	-59.7%	-41.1%
Risk-adjusted return (90d)	-0.47	-0.25

Relative strength over 90 days: M outperformed MC by 35.8% — measured on the MC/M ratio, so it holds regardless of market direction.

Merry Christmas →MemeCore →