Palie vs MemeCore

MemeCore (M) is 294888.4× the size of Palie (PALIE) by market capitalisation. Over the past 30 days, PALIE is ahead by 16.9 percentage points (PALIE -10.3% against M -27.3%). Their daily returns move barely together (correlation 0.07 across 20 shared trading days). M has been the more volatile of the two, at 108% annualised against PALIE's 32%.

Correlation: 0.07
Size ratio: 1 : 294888.4
Ahead over 30 days: PALIE

PaliePALIE

$6.440e-6

24h: —
Market cap: $6,442
Volume 24h: $1
Volatility (ann.): 32%

MemeCoreM

$0.828068

24h: -3.44%
Market cap: $1.90B
Volume 24h: $1.63M
Volatility (ann.): 108%

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

Performance

PALIEM

7 days-7.09%-19.79%PALIE
30 days-10.33%-27.25%PALIE

Correlation

0.07over 20 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	PALIE	M
Max drawdown (400d)	-12.2%	-41.1%
Risk-adjusted return (90d)	-0.32	-0.25

Relative strength over 90 days: PALIE outperformed M by 1.0% — measured on the PALIE/M ratio, so it holds regardless of market direction.

Palie →MemeCore →