Pippkin The Horse vs MemeCore

MemeCore (M) is 167591.2× the size of Pippkin The Horse (PIPPKIN) by market capitalisation. Over the past 30 days, M is ahead by 14.2 percentage points (PIPPKIN -39.6% against M -25.3%). Their daily returns move barely in opposite directions (correlation -0.27 across 23 shared trading days). Both have run at a similar volatility, around 107% annualised.

Correlation: -0.27
Size ratio: 1 : 167591.2
Ahead over 30 days: M

Pippkin The HorsePIPPKIN

$1.148e-5

24h: -6.19%
Market cap: $11,351
Volume 24h: $5
Volatility (ann.): 108%

MemeCoreM

$0.829019

24h: -0.36%
Market cap: $1.90B
Volume 24h: $2.10M
Volatility (ann.): 107%

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

Performance

PIPPKINM

7 days-4.05%-20.13%PIPPKIN
30 days-39.56%-25.32%M

Correlation

-0.27over 23 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	PIPPKIN	M
Max drawdown (400d)	-42.1%	-41.1%
Risk-adjusted return (90d)	-0.35	-0.27

Relative strength over 90 days: M outperformed PIPPKIN by 9.8% — measured on the PIPPKIN/M ratio, so it holds regardless of market direction.

Pippkin The Horse →MemeCore →