penguin wif backpack vs MemeCore

MemeCore (M) is 464066.6× the size of penguin wif backpack (WIFBAG) by market capitalisation. Over the past 30 days, M is ahead by 11.7 percentage points (WIFBAG -38.9% against M -27.3%). Their daily returns move loosely in opposite directions (correlation -0.37 across 22 shared trading days). M has been the more volatile of the two, at 108% annualised against WIFBAG's 92%.

Correlation: -0.37
Size ratio: 1 : 464066.6
Ahead over 30 days: M

penguin wif backpackWIFBAG

$4.100e-6

24h: +6.02%
Market cap: $4,094
Volume 24h: $37
Volatility (ann.): 92%

MemeCoreM

$0.828184

24h: -3.32%
Market cap: $1.90B
Volume 24h: $1.63M
Volatility (ann.): 108%

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

Performance

WIFBAGM

7 days-6.82%-19.79%WIFBAG
30 days-38.90%-27.25%M

Correlation

-0.37over 22 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	WIFBAG	M
Max drawdown (400d)	-42.4%	-41.1%
Risk-adjusted return (90d)	-0.41	-0.25

Relative strength over 90 days: M outperformed WIFBAG by 11.6% — measured on the WIFBAG/M ratio, so it holds regardless of market direction.

penguin wif backpack →MemeCore →