Ribbit Meme vs MemeCore

MemeCore (M) is 14018.4× the size of Ribbit Meme (RIBBIT) by market capitalisation. Over the past 30 days, RIBBIT is ahead by 12.0 percentage points (RIBBIT -15.3% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.22 across 23 shared trading days). M has been the more volatile of the two, at 108% annualised against RIBBIT's 44%.

Correlation: -0.22
Size ratio: 1 : 14018.4
Ahead over 30 days: RIBBIT

Ribbit MemeRIBBIT

$3.140e-10

24h: +7.66%
Market cap: $132,099
Volume 24h: $119
Volatility (ann.): 44%

MemeCoreM

$0.807109

24h: -4.52%
Market cap: $1.85B
Volume 24h: $698,664
Volatility (ann.): 108%

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

Performance

RIBBITM

7 days+1.48%-19.79%RIBBIT
30 days-15.25%-27.25%RIBBIT

Correlation

-0.22over 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	RIBBIT	M
Max drawdown (400d)	-22.1%	-41.1%
Risk-adjusted return (90d)	-0.35	-0.25

Relative strength over 90 days: RIBBIT outperformed M by 1.9% — measured on the RIBBIT/M ratio, so it holds regardless of market direction.

Ribbit Meme →MemeCore →