MemeCore (M) is 58380.8× the size of 神马 (神马) by market capitalisation. Their daily returns move barely together (correlation 0.25 across 41 shared trading days). 神马 has been the more volatile of the two, at 410% annualised against M's 108%.
神马M
0.25over 41 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 | 神马 | M |
|---|---|---|
| Max drawdown (400d) | -99.3% | -41.1% |
| Risk-adjusted return (90d) | -0.84 | -0.25 |
Relative strength over 90 days: M outperformed 神马 by 35.5% — measured on the 神马/M ratio, so it holds regardless of market direction.