Nutcash vs MemeCore

MemeCore (M) is 56772.9× the size of Nutcash (NCASH) by market capitalisation. Over the past 30 days, NCASH is ahead by 2.9 percentage points (NCASH -22.4% against M -25.3%). Their daily returns move barely together (correlation 0.09 across 25 shared trading days). M has been the more volatile of the two, at 107% annualised against NCASH's 37%.

Correlation: 0.09
Size ratio: 1 : 56772.9
Ahead over 30 days: NCASH

NutcashNCASH

$0.003483

24h: -7.87%
Market cap: $33,499
Volume 24h: $16
Volatility (ann.): 37%

MemeCoreM

$0.828819

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

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

Performance

NCASHM

7 days-3.26%-20.13%NCASH
30 days-22.41%-25.32%NCASH

Correlation

0.09over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	NCASH	M
Max drawdown (400d)	-22.8%	-41.1%
Risk-adjusted return (90d)	-0.57	-0.27

Relative strength over 90 days: M outperformed NCASH by 3.6% — measured on the NCASH/M ratio, so it holds regardless of market direction.

Nutcash →MemeCore →