Purple Troll vs MemeCore

MemeCore (M) is 524479.8× the size of Purple Troll (PTROLL) by market capitalisation. Over the past 30 days, PTROLL is ahead by 3.5 percentage points (PTROLL -23.8% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.06 across 22 shared trading days). M has been the more volatile of the two, at 108% annualised against PTROLL's 53%.

Correlation: -0.06
Size ratio: 1 : 524479.8
Ahead over 30 days: PTROLL

Purple TrollPTROLL

$3.570e-6

24h: +3.97%
Market cap: $3,524
Volume 24h: $6
Volatility (ann.): 53%

MemeCoreM

$0.805602

24h: -5.29%
Market cap: $1.85B
Volume 24h: $1.47M
Volatility (ann.): 108%

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

Performance

PTROLLM

7 days-11.12%-19.79%PTROLL
30 days-23.80%-27.25%PTROLL

Correlation

-0.06over 22 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	PTROLL	M
Max drawdown (400d)	-30.1%	-41.1%
Risk-adjusted return (90d)	-0.43	-0.25

Relative strength over 90 days: M outperformed PTROLL by 18.6% — measured on the PTROLL/M ratio, so it holds regardless of market direction.

Purple Troll →MemeCore →