PREME Token vs Degen

Degen (DEGEN) is 132.5× the size of PREME Token (PREME) by market capitalisation. Over the past 30 days, DEGEN is ahead by 3.6 percentage points (PREME -17.1% against DEGEN -13.5%). Their daily returns move closely together (correlation 0.69 across 32 shared trading days). PREME has been the more volatile of the two, at 95% annualised against DEGEN's 78%.

Correlation: 0.69
Size ratio: 1 : 132.5
Ahead over 30 days: DEGEN

PREME TokenPREME

$0.001246

24h: +6.80%
Market cap: $231,030
Volume 24h: $77
Volatility (ann.): 95%

DegenDEGEN

$0.000853

24h: -0.20%
Market cap: $30.62M
Volume 24h: $3.72M
Volatility (ann.): 78%

PREME 0.7%Share of the two combined market caps99.3% DEGEN

Performance

PREMEDEGEN

7 days-19.34%-5.52%DEGEN
30 days-17.08%-13.51%DEGEN

Correlation

0.69over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7090d: 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	PREME	DEGEN
Max drawdown (400d)	-30.2%	-26.2%
Risk-adjusted return (90d)	-0.18	-0.20

Relative strength over 90 days: DEGEN outperformed PREME by 7.8% — measured on the PREME/DEGEN ratio, so it holds regardless of market direction.

PREME Token →Degen →