Peppin vs MemeCore

MemeCore (M) is 31842.0× the size of Peppin (PEPPIN) by market capitalisation. Over the past 30 days, PEPPIN is ahead by 48.5 percentage points (PEPPIN +21.3% against M -27.3%). Their daily returns move barely together (correlation 0.02 across 24 shared trading days). PEPPIN has been the more volatile of the two, at 787% annualised against M's 108%.

Correlation: 0.02
Size ratio: 1 : 31842.0
Ahead over 30 days: PEPPIN

PeppinPEPPIN

$5.805e-5

24h: -4.31%
Market cap: $58,048
Volume 24h: $1,600
Volatility (ann.): 787%

MemeCoreM

$0.805602

24h: -5.29%
Market cap: $1.85B
Volume 24h: $1.47M
Volatility (ann.): 108%

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

Performance

PEPPINM

7 days-38.39%-19.79%M
30 days+21.25%-27.25%PEPPIN

Correlation

0.02over 24 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	PEPPIN	M
Max drawdown (400d)	-85.6%	-41.1%
Risk-adjusted return (90d)	-0.07	-0.25

Relative strength over 90 days: M outperformed PEPPIN by 73.3% — measured on the PEPPIN/M ratio, so it holds regardless of market direction.

Peppin →MemeCore →