Panda Coin vs MemeCore

MemeCore (M) is 72495.3× the size of Panda Coin (PANDA) by market capitalisation. Over the past 30 days, PANDA is ahead by 1.2 percentage points (PANDA -24.1% against M -25.3%). Their daily returns move closely together (correlation 0.63 across 20 shared trading days). M has been the more volatile of the two, at 107% annualised against PANDA's 52%.

Correlation: 0.63
Size ratio: 1 : 72495.3
Ahead over 30 days: PANDA

Panda CoinPANDA

$2.670e-6

24h: -4.22%
Market cap: $26,054
Volume 24h: $11
Volatility (ann.): 52%

MemeCoreM

$0.823166

24h: -1.96%
Market cap: $1.89B
Volume 24h: $2.02M
Volatility (ann.): 107%

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

Performance

PANDAM

7 days-8.23%-20.13%PANDA
30 days-24.11%-25.32%PANDA

Correlation

0.63over 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	PANDA	M
Max drawdown (400d)	-25.8%	-41.1%
Risk-adjusted return (90d)	-0.46	-0.27

Relative strength over 90 days: M outperformed PANDA by 3.7% — measured on the PANDA/M ratio, so it holds regardless of market direction.

Panda Coin →MemeCore →