Phoenix Token vs MemeCore

MemeCore (M) is 19077.7× the size of Phoenix Token (PHT) by market capitalisation. Over the past 30 days, M is ahead by 28.1 percentage points (PHT -55.4% against M -27.3%). Their daily returns move barely together (correlation 0.07 across 24 shared trading days). PHT has been the more volatile of the two, at 162% annualised against M's 108%.

Correlation: 0.07
Size ratio: 1 : 19077.7
Ahead over 30 days: M

Phoenix TokenPHT

$0.015059

24h: +3.91%
Market cap: $97,066
Volume 24h: $119
Volatility (ann.): 162%

MemeCoreM

$0.807102

24h: -4.78%
Market cap: $1.85B
Volume 24h: $1.48M
Volatility (ann.): 108%

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

Performance

PHTM

7 days-37.20%-19.79%M
30 days-55.36%-27.25%M

Correlation

0.07over 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	PHT	M
Max drawdown (400d)	-58.6%	-41.1%
Risk-adjusted return (90d)	-0.34	-0.25

Relative strength over 90 days: M outperformed PHT by 39.9% — measured on the PHT/M ratio, so it holds regardless of market direction.

Phoenix Token →MemeCore →