Oil Exchange vs MemeCore

MemeCore (M) is 127445.0× the size of Oil Exchange (OILX) by market capitalisation. Over the past 30 days, OILX is ahead by 29.3 percentage points (OILX +2.0% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.06 across 23 shared trading days). M has been the more volatile of the two, at 108% annualised against OILX's 11%.

Correlation: -0.06
Size ratio: 1 : 127445.0
Ahead over 30 days: OILX

Oil ExchangeOILX

$1.470e-5

24h: +0.05%
Market cap: $14,694
Volume 24h: $2
Volatility (ann.): 11%

MemeCoreM

$0.816270

24h: -2.99%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

OILXM

7 days+3.52%-19.79%OILX
30 days+2.01%-27.25%OILX

Correlation

-0.06over 23 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	OILX	M
Max drawdown (400d)	-2.8%	-41.1%
Risk-adjusted return (90d)	0.13	-0.25

Relative strength over 90 days: OILX outperformed M by 10.4% — measured on the OILX/M ratio, so it holds regardless of market direction.

Oil Exchange →MemeCore →