MemeCore (M) is 7629.2× the size of Mononoke Inu (MONONOKE-INU) by market capitalisation. Their daily returns move barely together (correlation 0.33 across 37 shared trading days). M has been the more volatile of the two, at 108% annualised against MONONOKE-INU's 83%.
MONONOKE-INUM
0.33over 37 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 | MONONOKE-INU | M |
|---|---|---|
| Max drawdown (400d) | -42.2% | -41.1% |
| Risk-adjusted return (90d) | 0.32 | -0.25 |
Relative strength over 90 days: MONONOKE-INU outperformed M by 31.6% — measured on the MONONOKE-INU/M ratio, so it holds regardless of market direction.