PiP vs MemeCore

MemeCore (M) is 1073.9× the size of PiP (PIP) by market capitalisation. Over the past 30 days, M is ahead by 7.0 percentage points (PIP -34.3% against M -27.3%). Their daily returns move loosely together (correlation 0.58 across 22 shared trading days). PIP has been the more volatile of the two, at 135% annualised against M's 108%.

Correlation: 0.58
Size ratio: 1 : 1073.9
Ahead over 30 days: M

PiPPIP

$2.2500

24h: -5.85%
Market cap: $1.77M
Volume 24h: $10,889
Volatility (ann.): 135%

MemeCoreM

$0.828051

24h: -3.41%
Market cap: $1.90B
Volume 24h: $1.60M
Volatility (ann.): 108%

PIP 0.1%Share of the two combined market caps99.9% M

Performance

PIPM

7 days-36.95%-19.79%M
30 days-34.25%-27.25%M

Correlation

0.58over 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	PIP	M
Max drawdown (400d)	-41.7%	-41.1%
Risk-adjusted return (90d)	-0.26	-0.25

Relative strength over 90 days: M outperformed PIP by 26.6% — measured on the PIP/M ratio, so it holds regardless of market direction.

PiP →MemeCore →