Santa Hat vs MemeCore

MemeCore (M) is 27521.4× the size of Santa Hat (SANTAHAT) by market capitalisation. Over the past 30 days, SANTAHAT is ahead by 38.5 percentage points (SANTAHAT +13.1% against M -25.3%). Their daily returns move barely in opposite directions (correlation -0.04 across 25 shared trading days). SANTAHAT has been the more volatile of the two, at 234% annualised against M's 107%.

Correlation: -0.04
Size ratio: 1 : 27521.4
Ahead over 30 days: SANTAHAT

Santa HatSANTAHAT

$7.738e-5

24h: -11.26%
Market cap: $68,630
Volume 24h: $791
Volatility (ann.): 234%

MemeCoreM

$0.823166

24h: -1.96%
Market cap: $1.89B
Volume 24h: $2.02M
Volatility (ann.): 107%

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

Performance

SANTAHATM

7 days-29.39%-20.13%M
30 days+13.13%-25.32%SANTAHAT

Correlation

-0.04over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	SANTAHAT	M
Max drawdown (400d)	-50.3%	-41.1%
Risk-adjusted return (90d)	0.24	-0.27

Relative strength over 90 days: SANTAHAT outperformed M by 55.5% — measured on the SANTAHAT/M ratio, so it holds regardless of market direction.

Santa Hat →MemeCore →