Multiple Network vs MemeCore

MemeCore (M) is 2115636.6× the size of Multiple Network (MTP) by market capitalisation. Over the past 30 days, M is ahead by 35.0 percentage points (MTP -62.2% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.30 across 24 shared trading days). MTP has been the more volatile of the two, at 386% annualised against M's 108%.

Correlation: -0.30
Size ratio: 1 : 2115636.6
Ahead over 30 days: M

Multiple NetworkMTP

$2.033e-5

24h: —
Market cap: $915
Volume 24h: —
Volatility (ann.): 386%

MemeCoreM

$0.843766

24h: -1.31%
Market cap: $1.94B
Volume 24h: $754,251
Volatility (ann.): 108%

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

Performance

MTPM

7 days+6.46%-19.79%MTP
30 days-62.25%-27.25%M

Correlation

-0.30over 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	MTP	M
Max drawdown (400d)	-66.8%	-41.1%
Risk-adjusted return (90d)	-0.11	-0.25

Relative strength over 90 days: M outperformed MTP by 47.2% — measured on the MTP/M ratio, so it holds regardless of market direction.

Multiple Network →MemeCore →