Purple vs MemeCore

MemeCore (M) is 21897.8× the size of Purple (PURPLE) by market capitalisation. Over the past 30 days, M is ahead by 39.2 percentage points (PURPLE -66.3% against M -27.1%). Their daily returns move barely together (correlation 0.07 across 23 shared trading days). PURPLE has been the more volatile of the two, at 202% annualised against M's 108%.

Correlation: 0.07
Size ratio: 1 : 21897.8
Ahead over 30 days: M

PurplePURPLE

$8.933e-5

24h: +20.85%
Market cap: $89,304
Volume 24h: $2,868
Volatility (ann.): 202%

MemeCoreM

$0.852459

24h: +2.40%
Market cap: $1.96B
Volume 24h: $609,361
Volatility (ann.): 108%

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

Performance

PURPLEM

7 days-57.15%-19.48%M
30 days-66.28%-27.12%M

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	PURPLE	M
Max drawdown (400d)	-75.6%	-41.1%
Risk-adjusted return (90d)	-0.33	-0.23

Relative strength over 90 days: M outperformed PURPLE by 66.5% — measured on the PURPLE/M ratio, so it holds regardless of market direction.

Purple →MemeCore →