Nelore Coin vs MemeCore

MemeCore (M) is 12401983.7× the size of Nelore Coin (NLC) by market capitalisation. Over the past 30 days, NLC is ahead by 7.9 percentage points (NLC -19.3% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.29 across 22 shared trading days). M has been the more volatile of the two, at 108% annualised against NLC's 48%.

Correlation: -0.29
Size ratio: 1 : 12401983.7
Ahead over 30 days: NLC

Nelore CoinNLC

$1.208e-5

24h: -0.06%
Market cap: $155
Volume 24h: $6
Volatility (ann.): 48%

MemeCoreM

$0.837205

24h: -3.22%
Market cap: $1.92B
Volume 24h: $767,002
Volatility (ann.): 108%

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

Performance

NLCM

7 days-1.88%-19.79%NLC
30 days-19.34%-27.25%NLC

Correlation

-0.29over 22 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	NLC	M
Max drawdown (400d)	-24.4%	-41.1%
Risk-adjusted return (90d)	-0.40	-0.25

Relative strength over 90 days: M outperformed NLC by 8.8% — measured on the NLC/M ratio, so it holds regardless of market direction.

Nelore Coin →MemeCore →