P2pzcoin vs MemeCore

MemeCore (M) is 88162.3× the size of P2pzcoin (P2PZ) by market capitalisation. Over the past 30 days, M is ahead by 26.9 percentage points (P2PZ -52.2% against M -25.3%). Their daily returns move barely in opposite directions (correlation -0.24 across 25 shared trading days). Both have run at a similar volatility, around 111% annualised.

Correlation: -0.24
Size ratio: 1 : 88162.3
Ahead over 30 days: M

P2pzcoinP2PZ

$2.157e-5

24h: -2.92%
Market cap: $21,572
Volume 24h: $5
Volatility (ann.): 114%

MemeCoreM

$0.828819

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

P2PZ 0.0%Share of the two combined market caps100.0% M

Performance

P2PZM

7 days-6.88%-20.13%P2PZ
30 days-52.21%-25.32%M

Correlation

-0.24over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: 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	P2PZ	M
Max drawdown (400d)	-52.9%	-41.1%
Risk-adjusted return (90d)	-0.44	-0.27

Relative strength over 90 days: M outperformed P2PZ by 41.9% — measured on the P2PZ/M ratio, so it holds regardless of market direction.

P2pzcoin →MemeCore →