Nesa vs MemeCore

MemeCore (M) is 50.2× the size of Nesa (NES) by market capitalisation. Over the past 30 days, NES is ahead by 39.7 percentage points (NES +12.6% against M -27.1%). Their daily returns move barely together (correlation 0.29 across 32 shared trading days). NES has been the more volatile of the two, at 158% annualised against M's 108%.

Correlation: 0.29
Size ratio: 1 : 50.2
Ahead over 30 days: NES

NesaNES

$0.131340

24h: +8.51%
Market cap: $38.95M
Volume 24h: $9.85M
Volatility (ann.): 158%

MemeCoreM

$0.852509

24h: +2.35%
Market cap: $1.96B
Volume 24h: $614,324
Volatility (ann.): 108%

NES 2.0%Share of the two combined market caps98.0% M

Performance

NESM

7 days+15.56%-19.48%NES
30 days+12.57%-27.12%NES

Correlation

0.29over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 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	NES	M
Max drawdown (400d)	-37.9%	-41.1%
Risk-adjusted return (90d)	0.09	-0.23

Relative strength over 90 days: NES outperformed M by 42.9% — measured on the NES/M ratio, so it holds regardless of market direction.

Nesa →MemeCore →