Refund vs MemeCore

MemeCore (M) is 1144.9× the size of Refund (RFD) by market capitalisation. Over the past 30 days, RFD is ahead by 29.8 percentage points (RFD +2.7% against M -27.1%). Their daily returns move barely together (correlation 0.32 across 28 shared trading days). M has been the more volatile of the two, at 108% annualised against RFD's 65%.

Correlation: 0.32
Size ratio: 1 : 1144.9
Ahead over 30 days: RFD

RefundRFD

$1.700e-6

24h: +2.25%
Market cap: $1.70M
Volume 24h: $1,897
Volatility (ann.): 65%

MemeCoreM

$0.849259

24h: +0.56%
Market cap: $1.95B
Volume 24h: $616,156
Volatility (ann.): 108%

RFD 0.1%Share of the two combined market caps99.9% M

Performance

RFDM

7 days-1.97%-19.48%RFD
30 days+2.73%-27.12%RFD

Correlation

0.32over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	RFD	M
Max drawdown (400d)	-13.4%	-41.1%
Risk-adjusted return (90d)	0.03	-0.23

Relative strength over 90 days: RFD outperformed M by 30.0% — measured on the RFD/M ratio, so it holds regardless of market direction.

Refund →MemeCore →