MongCoin vs MemeCore

MemeCore (M) is 5530.4× the size of MongCoin (MONG) by market capitalisation. Over the past 30 days, MONG is ahead by 14.6 percentage points (MONG -12.6% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.04 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against MONG's 52%.

Correlation: -0.04
Size ratio: 1 : 5530.4
Ahead over 30 days: MONG

MongCoinMONG

$5.012e-10

24h: +9.24%
Market cap: $345,824
Volume 24h: $1,660
Volatility (ann.): 52%

MemeCoreM

$0.833652

24h: -3.29%
Market cap: $1.91B
Volume 24h: $1.95M
Volatility (ann.): 108%

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

Performance

MONGM

7 days+1.95%-19.79%MONG
30 days-12.63%-27.25%MONG

Correlation

-0.04over 24 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	MONG	M
Max drawdown (400d)	-21.7%	-41.1%
Risk-adjusted return (90d)	-0.23	-0.25

Relative strength over 90 days: MONG outperformed M by 1.9% — measured on the MONG/M ratio, so it holds regardless of market direction.

MongCoin →MemeCore →