Prometheus vs MemeCore

MemeCore (M) is 212428.1× the size of Prometheus (PROMETHEUS) by market capitalisation. Over the past 30 days, M is ahead by 58.1 percentage points (PROMETHEUS -83.4% against M -25.3%). Their daily returns move loosely together (correlation 0.49 across 28 shared trading days). PROMETHEUS has been the more volatile of the two, at 475% annualised against M's 107%.

Correlation: 0.49
Size ratio: 1 : 212428.1
Ahead over 30 days: M

PrometheusPROMETHEUS

$8.953e-5

24h: -20.80%
Market cap: $8,953
Volume 24h: $267
Volatility (ann.): 475%

MemeCoreM

$0.828819

24h: -0.52%
Market cap: $1.90B
Volume 24h: $2.10M
Volatility (ann.): 107%

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

Performance

PROMETHEUSM

7 days-15.87%-20.13%PROMETHEUS
30 days-83.39%-25.32%M

Correlation

0.49over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 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	PROMETHEUS	M
Max drawdown (400d)	-93.8%	-41.1%
Risk-adjusted return (90d)	-0.19	-0.27

Relative strength over 90 days: M outperformed PROMETHEUS by 84.8% — measured on the PROMETHEUS/M ratio, so it holds regardless of market direction.

Prometheus →MemeCore →