SANTA vs MemeCore

MemeCore (M) is 121740.5× the size of SANTA (SANTA) by market capitalisation. Over the past 30 days, M is ahead by 14.4 percentage points (SANTA -39.7% against M -25.3%). Their daily returns move loosely in opposite directions (correlation -0.38 across 25 shared trading days). M has been the more volatile of the two, at 107% annualised against SANTA's 84%.

Correlation: -0.38
Size ratio: 1 : 121740.5
Ahead over 30 days: M

SANTASANTA

$1.566e-5

24h: -7.60%
Market cap: $15,622
Volume 24h: $168
Volatility (ann.): 84%

MemeCoreM

$0.828819

24h: -0.52%
Market cap: $1.90B
Volume 24h: $2.10M
Volatility (ann.): 107%

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

Performance

SANTAM

7 days-13.34%-20.13%SANTA
30 days-39.73%-25.32%M

Correlation

-0.38over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3890d: 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	SANTA	M
Max drawdown (400d)	-44.7%	-41.1%
Risk-adjusted return (90d)	-0.53	-0.27

Relative strength over 90 days: M outperformed SANTA by 24.1% — measured on the SANTA/M ratio, so it holds regardless of market direction.

SANTA →MemeCore →