千里马 (Chollima) vs MEME HORSE

MEME HORSE (MHORSE) is 534.6× the size of 千里马 (Chollima) (QLM) by market capitalisation. Over the past 30 days, QLM is ahead by 33.6 percentage points (QLM +0.9% against MHORSE -32.7%). Their daily returns move barely together (correlation 0.30 across 21 shared trading days). QLM has been the more volatile of the two, at 168% annualised against MHORSE's 110%.

Correlation: 0.30
Size ratio: 1 : 534.6
Ahead over 30 days: QLM

千里马 (Chollima)QLM

$0.000625

24h: +1.27%
Market cap: $76,191
Volume 24h: $684
Volatility (ann.): 168%

MEME HORSEMHORSE

$0.040732

24h: +0.03%
Market cap: $40.73M
Volume 24h: $1.35M
Volatility (ann.): 110%

QLM 0.2%Share of the two combined market caps99.8% MHORSE

Performance

QLMMHORSE

7 days-13.99%+20.84%MHORSE
30 days+0.94%-32.70%QLM

Correlation

0.30over 21 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	QLM	MHORSE
Max drawdown (400d)	-43.2%	-44.4%
Risk-adjusted return (90d)	0.01	-0.30

Relative strength over 90 days: MHORSE outperformed QLM by 23.4% — measured on the QLM/MHORSE ratio, so it holds regardless of market direction.

千里马 (Chollima) →MEME HORSE →