NIAO vs MemeCore

MemeCore (M) is 6108.3× the size of NIAO (NIAO) by market capitalisation. Over the past 30 days, NIAO is ahead by 5.4 percentage points (NIAO -21.9% against M -27.3%). Their daily returns move barely together (correlation 0.12 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against NIAO's 67%.

Correlation: 0.12
Size ratio: 1 : 6108.3
Ahead over 30 days: NIAO

NIAONIAO

$1.441e-10

24h: +1.62%
Market cap: $302,598
Volume 24h: $844
Volatility (ann.): 67%

MemeCoreM

$0.805602

24h: -5.29%
Market cap: $1.85B
Volume 24h: $1.47M
Volatility (ann.): 108%

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

Performance

NIAOM

7 days-3.33%-19.79%NIAO
30 days-21.89%-27.25%NIAO

Correlation

0.12over 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	NIAO	M
Max drawdown (400d)	-27.3%	-41.1%
Risk-adjusted return (90d)	-0.22	-0.25

Relative strength over 90 days: M outperformed NIAO by 10.9% — measured on the NIAO/M ratio, so it holds regardless of market direction.

NIAO →MemeCore →