Pongo vs MemeCore

MemeCore (M) is 26184.0× the size of Pongo (PONGO) by market capitalisation. Over the past 30 days, PONGO is ahead by 56.3 percentage points (PONGO +29.0% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.18 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against PONGO's 78%.

Correlation: -0.18
Size ratio: 1 : 26184.0
Ahead over 30 days: PONGO

PongoPONGO

$7.075e-8

24h: +7.86%
Market cap: $71,461
Volume 24h: $39
Volatility (ann.): 78%

MemeCoreM

$0.815514

24h: -3.26%
Market cap: $1.87B
Volume 24h: $1.65M
Volatility (ann.): 108%

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

Performance

PONGOM

7 days+9.56%-19.79%PONGO
30 days+29.02%-27.25%PONGO

Correlation

-0.18over 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	PONGO	M
Max drawdown (400d)	-9.3%	-41.1%
Risk-adjusted return (90d)	0.41	-0.25

Relative strength over 90 days: PONGO outperformed M by 50.4% — measured on the PONGO/M ratio, so it holds regardless of market direction.

Pongo →MemeCore →