PMX500 vs MemeCore

MemeCore (M) is 5370.4× the size of PMX500 (PMX) by market capitalisation. Over the past 30 days, M is ahead by 41.2 percentage points (PMX -68.5% against M -27.3%). Their daily returns move barely together (correlation 0.13 across 24 shared trading days). PMX has been the more volatile of the two, at 225% annualised against M's 108%.

Correlation: 0.13
Size ratio: 1 : 5370.4
Ahead over 30 days: M

PMX500PMX

$0.000345

24h: —
Market cap: $345,457
Volume 24h: —
Volatility (ann.): 225%

MemeCoreM

$0.808618

24h: -3.94%
Market cap: $1.86B
Volume 24h: $696,271
Volatility (ann.): 108%

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

Performance

PMXM

7 days+9.66%-19.79%PMX
30 days-68.46%-27.25%M

Correlation

0.13over 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	PMX	M
Max drawdown (400d)	-75.5%	-41.1%
Risk-adjusted return (90d)	-0.32	-0.25

Relative strength over 90 days: M outperformed PMX by 66.9% — measured on the PMX/M ratio, so it holds regardless of market direction.

PMX500 →MemeCore →