Red Hare Coin vs MemeCore

MemeCore (M) is 2058.2× the size of Red Hare Coin (RHC) by market capitalisation. Over the past 30 days, RHC is ahead by 3.5 percentage points (RHC -23.6% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.04 across 28 shared trading days). M has been the more volatile of the two, at 108% annualised against RHC's 38%.

Correlation: -0.04
Size ratio: 1 : 2058.2
Ahead over 30 days: RHC

Red Hare CoinRHC

$0.000938

24h: -1.45%
Market cap: $938,093
Volume 24h: $450
Volatility (ann.): 38%

MemeCoreM

$0.841697

24h: -2.58%
Market cap: $1.93B
Volume 24h: $632,723
Volatility (ann.): 108%

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

Performance

RHCM

7 days-5.68%-19.48%RHC
30 days-23.59%-27.12%RHC

Correlation

-0.04over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	RHC	M
Max drawdown (400d)	-31.1%	-41.1%
Risk-adjusted return (90d)	-0.83	-0.23

Relative strength over 90 days: M outperformed RHC by 12.3% — measured on the RHC/M ratio, so it holds regardless of market direction.

Red Hare Coin →MemeCore →