Moonbag vs MemeCore

MemeCore (M) is 31642.5× the size of Moonbag (BAG) by market capitalisation. Over the past 30 days, BAG is ahead by 4.8 percentage points (BAG -22.4% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.05 across 24 shared trading days). Both have run at a similar volatility, around 110% annualised.

Correlation: -0.05
Size ratio: 1 : 31642.5
Ahead over 30 days: BAG

MoonbagBAG

$5.917e-5

24h: +6.67%
Market cap: $59,154
Volume 24h: $113
Volatility (ann.): 113%

MemeCoreM

$0.815789

24h: -3.28%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

BAGM

7 days-2.87%-19.79%BAG
30 days-22.44%-27.25%BAG

Correlation

-0.05over 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	BAG	M
Max drawdown (400d)	-44.1%	-41.1%
Risk-adjusted return (90d)	-0.28	-0.25

Relative strength over 90 days: BAG outperformed M by 5.3% — measured on the BAG/M ratio, so it holds regardless of market direction.

Moonbag →MemeCore →