MemeCore (M) is 4775.9× the size of Robotaxi (TAXI) by market capitalisation. Their daily returns move loosely together (correlation 0.37 across 27 shared trading days). Both have run at a similar volatility, around 109% annualised.
TAXIM
0.37over 27 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 | TAXI | M |
|---|---|---|
| Max drawdown (400d) | -72.1% | -41.1% |
| Risk-adjusted return (90d) | 0.28 | -0.25 |
Relative strength over 90 days: TAXI outperformed M by 81.5% — measured on the TAXI/M ratio, so it holds regardless of market direction.