Ping Ping and Fu Shuang vs MemeCore

MemeCore (M) is 4795.5× the size of Ping Ping and Fu Shuang (熊猫) by market capitalisation. Over the past 30 days, 熊猫 is ahead by 31.9 percentage points (熊猫 +4.6% against M -27.3%). Their daily returns move barely together (correlation 0.32 across 27 shared trading days). 熊猫 has been the more volatile of the two, at 583% annualised against M's 108%.

Correlation: 0.32
Size ratio: 1 : 4795.5
Ahead over 30 days: 熊猫

Ping Ping and Fu Shuang熊猫

$0.000397

24h: -2.53%
Market cap: $396,901
Volume 24h: $16,008
Volatility (ann.): 583%

MemeCoreM

$0.829625

24h: -1.84%
Market cap: $1.90B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

熊猫M

7 days-25.62%-19.79%M
30 days+4.61%-27.25%熊猫

Correlation

0.32over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	熊猫	M
Max drawdown (400d)	-71.4%	-41.1%
Risk-adjusted return (90d)	-0.07	-0.25

Relative strength over 90 days: M outperformed 熊猫 by 24.8% — measured on the 熊猫/M ratio, so it holds regardless of market direction.

Ping Ping and Fu Shuang →MemeCore →