Luce vs MemeCore

MemeCore (M) is 6383.3× the size of Luce (LUCE) by market capitalisation. Over the past 30 days, LUCE is ahead by 7.6 percentage points (LUCE -19.6% against M -27.3%). Their daily returns move loosely together (correlation 0.48 across 27 shared trading days). M has been the more volatile of the two, at 108% annualised against LUCE's 93%.

Correlation: 0.48
Size ratio: 1 : 6383.3
Ahead over 30 days: LUCE

LuceLUCE

$0.000298

24h: +5.67%
Market cap: $298,548
Volume 24h: $28,306
Volatility (ann.): 93%

MemeCoreM

$0.830662

24h: -1.86%
Market cap: $1.91B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

LUCEM

7 days-7.16%-19.79%LUCE
30 days-19.61%-27.25%LUCE

Correlation

0.48over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 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	LUCE	M
Max drawdown (400d)	-33.9%	-41.1%
Risk-adjusted return (90d)	-0.21	-0.25

Relative strength over 90 days: LUCE outperformed M by 3.2% — measured on the LUCE/M ratio, so it holds regardless of market direction.

Luce →MemeCore →