POWERBALL vs MemeCore

MemeCore (M) is 53539.0× the size of POWERBALL (BALL) by market capitalisation. Over the past 30 days, BALL is ahead by 0.3 percentage points (BALL -26.9% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.07 across 23 shared trading days). M has been the more volatile of the two, at 108% annualised against BALL's 38%.

Correlation: -0.07
Size ratio: 1 : 53539.0
Ahead over 30 days: BALL

POWERBALLBALL

$3.569e-5

24h: —
Market cap: $34,949
Volume 24h: $194
Volatility (ann.): 38%

MemeCoreM

$0.815514

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

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

Performance

BALLM

7 days-7.08%-19.79%BALL
30 days-26.91%-27.25%BALL

Correlation

-0.07over 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	BALL	M
Max drawdown (400d)	-30.2%	-41.1%
Risk-adjusted return (90d)	-0.72	-0.25

Relative strength over 90 days: M outperformed BALL by 11.0% — measured on the BALL/M ratio, so it holds regardless of market direction.

POWERBALL →MemeCore →