Official PP+ vs MemeCore

MemeCore (M) is 26240.1× the size of Official PP+ (PP+) by market capitalisation. Over the past 30 days, M is ahead by 21.3 percentage points (PP+ -48.6% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.13 across 24 shared trading days). PP+ has been the more volatile of the two, at 193% annualised against M's 108%.

Correlation: -0.13
Size ratio: 1 : 26240.1
Ahead over 30 days: M

Official PP+PP+

$7.879e-5

24h: +6.95%
Market cap: $70,991
Volume 24h: $214
Volatility (ann.): 193%

MemeCoreM

$0.811942

24h: -3.98%
Market cap: $1.86B
Volume 24h: $675,352
Volatility (ann.): 108%

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

Performance

PP+M

7 days-26.35%-19.79%M
30 days-48.56%-27.25%M

Correlation

-0.13over 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	PP+	M
Max drawdown (400d)	-59.1%	-41.1%
Risk-adjusted return (90d)	-0.29	-0.25

Relative strength over 90 days: M outperformed PP+ by 38.7% — measured on the PP+/M ratio, so it holds regardless of market direction.

Official PP+ →MemeCore →