Shikoku vs MemeCore

MemeCore (M) is 5459.7× the size of Shikoku (SHIK) by market capitalisation. Over the past 30 days, SHIK is ahead by 13.1 percentage points (SHIK -14.1% against M -27.3%). Their daily returns move loosely in opposite directions (correlation -0.38 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against SHIK's 55%.

Correlation: -0.38
Size ratio: 1 : 5459.7
Ahead over 30 days: SHIK

ShikokuSHIK

$3.703e-10

24h: —
Market cap: $350,304
Volume 24h: $189
Volatility (ann.): 55%

MemeCoreM

$0.833652

24h: -3.29%
Market cap: $1.91B
Volume 24h: $1.95M
Volatility (ann.): 108%

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

Performance

SHIKM

7 days+1.94%-19.79%SHIK
30 days-14.13%-27.25%SHIK

Correlation

-0.38over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SHIK	M
Max drawdown (400d)	-21.2%	-41.1%
Risk-adjusted return (90d)	-0.25	-0.25

Relative strength over 90 days: M outperformed SHIK by 1.4% — measured on the SHIK/M ratio, so it holds regardless of market direction.

Shikoku →MemeCore →