MemeCore (M) is 74027.9× the size of Shinjiru Inu (SHINJI) by market capitalisation. Their daily returns move barely together (correlation 0.35 across 34 shared trading days). M has been the more volatile of the two, at 107% annualised against SHINJI's 63%.
SHINJIM
0.35over 34 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 | SHINJI | M |
|---|---|---|
| Max drawdown (400d) | -44.8% | -41.1% |
| Risk-adjusted return (90d) | -0.06 | -0.27 |
Relative strength over 90 days: SHINJI outperformed M by 51.9% — measured on the SHINJI/M ratio, so it holds regardless of market direction.