Priceless vs MemeCore

MemeCore (M) is 269127.9× the size of Priceless (PRICELESS) by market capitalisation. Over the past 30 days, M is ahead by 1.7 percentage points (PRICELESS -29.0% against M -27.3%). Their daily returns move barely together (correlation 0.14 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against PRICELESS's 52%.

Correlation: 0.14
Size ratio: 1 : 269127.9
Ahead over 30 days: M

PricelessPRICELESS

$6.960e-5

24h: +0.11%
Market cap: $6,881
Volume 24h: $2
Volatility (ann.): 52%

MemeCoreM

$0.807102

24h: -4.78%
Market cap: $1.85B
Volume 24h: $1.48M
Volatility (ann.): 108%

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

Performance

PRICELESSM

7 days-16.14%-19.79%PRICELESS
30 days-28.99%-27.25%M

Correlation

0.14over 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	PRICELESS	M
Max drawdown (400d)	-31.2%	-41.1%
Risk-adjusted return (90d)	-0.60	-0.25

Relative strength over 90 days: M outperformed PRICELESS by 19.7% — measured on the PRICELESS/M ratio, so it holds regardless of market direction.

Priceless →MemeCore →