Salute vs MemeCore

MemeCore (M) is 1368.8× the size of Salute (SLT) by market capitalisation. Over the past 30 days, SLT is ahead by 2.3 percentage points (SLT -24.8% against M -27.1%). Their daily returns move barely together (correlation 0.12 across 28 shared trading days). Both have run at a similar volatility, around 106% annualised.

Correlation: 0.12
Size ratio: 1 : 1368.8
Ahead over 30 days: SLT

SaluteSLT

$1.415e-5

24h: -0.17%
Market cap: $1.42M
Volume 24h: $817
Volatility (ann.): 104%

MemeCoreM

$0.844542

24h: -2.03%
Market cap: $1.94B
Volume 24h: $1.61M
Volatility (ann.): 108%

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

Performance

SLTM

7 days-5.60%-19.48%SLT
30 days-24.79%-27.12%SLT

Correlation

0.12over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	SLT	M
Max drawdown (400d)	-31.6%	-41.1%
Risk-adjusted return (90d)	-0.24	-0.23

Relative strength over 90 days: M outperformed SLT by 4.1% — measured on the SLT/M ratio, so it holds regardless of market direction.

Salute →MemeCore →