MemeCore (M) is 57198.8× the size of mogging (MOGGING) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 39 shared trading days). MOGGING has been the more volatile of the two, at 319% annualised against M's 108%.
MOGGINGM
0.17over 39 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 | MOGGING | M |
|---|---|---|
| Max drawdown (400d) | -94.7% | -41.1% |
| Risk-adjusted return (90d) | -0.26 | -0.25 |
Relative strength over 90 days: MOGGING outperformed M by 22.1% — measured on the MOGGING/M ratio, so it holds regardless of market direction.