MemeCore (M) is 121.8× the size of Qkacoin (QKA) by market capitalisation. Their daily returns move closely together (correlation 0.63 across 36 shared trading days). QKA has been the more volatile of the two, at 223% annualised against M's 108%.
QKAM
0.63over 36 shared trading days
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.
| Metric | QKA | M |
|---|---|---|
| Max drawdown (400d) | -90.7% | -41.1% |
| Risk-adjusted return (90d) | -0.09 | -0.23 |
Relative strength over 90 days: M outperformed QKA by 4.5% — measured on the QKA/M ratio, so it holds regardless of market direction.