MonaCoin vs MemeCore

MemeCore (M) is 275.0× the size of MonaCoin (MONA) by market capitalisation. Over the past 30 days, MONA is ahead by 31.4 percentage points (MONA +4.2% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.27 across 22 shared trading days). M has been the more volatile of the two, at 108% annualised against MONA's 64%.

Correlation: -0.27
Size ratio: 1 : 275.0
Ahead over 30 days: MONA

MonaCoinMONA

$0.066751

24h: +7.19%
Market cap: $7.02M
Volume 24h: $5,166
Volatility (ann.): 64%

MemeCoreM

$0.841282

24h: -1.92%
Market cap: $1.93B
Volume 24h: $627,939
Volatility (ann.): 108%

MONA 0.4%Share of the two combined market caps99.6% M

Performance

MONAM

7 days-0.61%-19.48%MONA
30 days+4.23%-27.12%MONA

Correlation

-0.27over 22 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	MONA	M
Max drawdown (400d)	-8.1%	-41.1%
Risk-adjusted return (90d)	0.07	-0.23

Relative strength over 90 days: M outperformed MONA by 2.9% — measured on the MONA/M ratio, so it holds regardless of market direction.

MonaCoin →MemeCore →