MemeCore (M) is 14896.7× the size of OCEAN (OCEAN) by market capitalisation. Over the past 30 days, M is ahead by 32.9 percentage points (OCEAN -60.2% against M -27.3%). Their daily returns move barely together (correlation 0.07 across 24 shared trading days). Both have run at a similar volatility, around 113% annualised.
OCEANM
0.07over 24 shared trading days
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.
| Metric | OCEAN | M |
|---|---|---|
| Max drawdown (400d) | -61.1% | -41.1% |
| Risk-adjusted return (90d) | -0.52 | -0.25 |
Relative strength over 90 days: M outperformed OCEAN by 40.2% — measured on the OCEAN/M ratio, so it holds regardless of market direction.