Nebula3 vs MemeCore

MemeCore (M) is 273418.2× the size of Nebula3 (SN3) by market capitalisation. Over the past 30 days, SN3 is ahead by 19.1 percentage points (SN3 -6.2% against M -25.3%). Their daily returns move barely in opposite directions (correlation -0.24 across 25 shared trading days). SN3 has been the more volatile of the two, at 282% annualised against M's 107%.

Correlation: -0.24
Size ratio: 1 : 273418.2
Ahead over 30 days: SN3

Nebula3SN3

$1.904e-5

24h: —
Market cap: $6,956
Volume 24h: —
Volatility (ann.): 282%

MemeCoreM

$0.828819

24h: -0.52%
Market cap: $1.90B
Volume 24h: $2.10M
Volatility (ann.): 107%

SN3 0.0%Share of the two combined market caps100.0% M

Performance

SN3M

7 days+26.75%-20.13%SN3
30 days-6.24%-25.32%SN3

Correlation

-0.24over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: 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	SN3	M
Max drawdown (400d)	-52.0%	-41.1%
Risk-adjusted return (90d)	-0.12	-0.27

Relative strength over 90 days: SN3 outperformed M by 7.0% — measured on the SN3/M ratio, so it holds regardless of market direction.

Nebula3 →MemeCore →