Power Protocol vs MemeCore

MemeCore (M) is 129.2× the size of Power Protocol (POWER) by market capitalisation. Over the past 30 days, POWER is ahead by 10.3 percentage points (POWER -16.8% against M -27.1%). Their daily returns move barely together (correlation 0.19 across 34 shared trading days). POWER has been the more volatile of the two, at 219% annualised against M's 108%.

Correlation: 0.19
Size ratio: 1 : 129.2
Ahead over 30 days: POWER

Power ProtocolPOWER

$0.071262

24h: +1.76%
Market cap: $14.96M
Volume 24h: $1.37M
Volatility (ann.): 219%

MemeCoreM

$0.842833

24h: -1.71%
Market cap: $1.93B
Volume 24h: $1.87M
Volatility (ann.): 108%

POWER 0.8%Share of the two combined market caps99.2% M

Performance

POWERM

7 days-11.20%-19.48%POWER
30 days-16.79%-27.12%POWER

Correlation

0.19over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	POWER	M
Max drawdown (400d)	-63.7%	-41.1%
Risk-adjusted return (90d)	-0.02	-0.23

Relative strength over 90 days: POWER outperformed M by 24.2% — measured on the POWER/M ratio, so it holds regardless of market direction.

Power Protocol →MemeCore →